Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) announced a monthly dividend on Wednesday, February 6th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.125 per share by the investment management company on Tuesday, April 30th. This represents a $1.50 annualized dividend and a yield of 7.85%. The ex-dividend date is Monday, April 22nd.
Tortoise Power & Energy Infrstrct Fd has decreased its dividend payment by an average of 2.6% per year over the last three years.
TPZ opened at $19.11 on Wednesday. Tortoise Power & Energy Infrstrct Fd has a twelve month low of $14.77 and a twelve month high of $20.20.
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About Tortoise Power & Energy Infrstrct Fd
Tortoise Power and Energy Infrastructure Fund, Inc is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors, LLC. The fund invests in the fixed income and public equity markets of the United States. It invests in securities of companies operating in the power and energy infrastructure sectors.
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