Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) declared a monthly dividend on Thursday, August 8th, NASDAQ reports. Stockholders of record on Monday, September 23rd will be given a dividend of 0.125 per share by the investment management company on Monday, September 30th. This represents a $1.50 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend is Friday, September 20th.
Tortoise Power & Energy Infrstrct Fd has decreased its dividend by an average of 2.6% annually over the last three years.
NYSE:TPZ traded up $0.02 on Wednesday, reaching $18.40. The stock had a trading volume of 7,093 shares, compared to its average volume of 21,237. The company has a 50-day moving average of $17.80 and a 200 day moving average of $18.39. Tortoise Power & Energy Infrstrct Fd has a 12-month low of $14.77 and a 12-month high of $19.69.
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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