News coverage about Tortoise Energy Infrastructure (NYSE:TYG) has trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tortoise Energy Infrastructure earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.5660874769643 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Tortoise Energy Infrastructure (TYG) opened at $26.85 on Friday. Tortoise Energy Infrastructure has a twelve month low of $24.30 and a twelve month high of $37.11.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were issued a $0.655 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $2.62 dividend on an annualized basis and a dividend yield of 9.76%.
In other news, insider Terry Matlack purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average cost of $26.13 per share, with a total value of $26,130.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Prudential Financial Inc purchased 25,000,000 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were purchased at an average cost of $11,560,000.00 per share, for a total transaction of $289,000,000,000,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 25,007,740 shares of company stock valued at $289,000,000,198,613 in the last quarter. Insiders own 0.33% of the company’s stock.
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Tortoise Energy Infrastructure Company Profile
Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.
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