Tortoise Power and Energy Infrastructure Fund, Inc. to Issue Monthly Dividend of $0.11 (NYSE:TPZ)

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZGet Free Report) announced a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Friday, May 24th will be given a dividend of 0.105 per share by the investment management company on Friday, May 31st. This represents a $1.26 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend is Thursday, May 23rd.

Tortoise Power and Energy Infrastructure Fund has raised its dividend by an average of 8.9% per year over the last three years and has increased its dividend every year for the last 3 years.

Tortoise Power and Energy Infrastructure Fund Trading Up 1.1 %

Shares of TPZ stock opened at $15.98 on Wednesday. The company’s fifty day moving average price is $15.34 and its two-hundred day moving average price is $14.47. Tortoise Power and Energy Infrastructure Fund has a 12 month low of $12.45 and a 12 month high of $16.00.

About Tortoise Power and Energy Infrastructure Fund

(Get Free Report)

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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Dividend History for Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ)

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