Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Friday, August 23rd will be paid a dividend of 0.125 per share by the investment management company on Friday, August 30th. This represents a $1.50 annualized dividend and a dividend yield of 8.12%. The ex-dividend date is Thursday, August 22nd.
Tortoise Power & Energy Infrstrct Fd has decreased its dividend payment by an average of 2.6% annually over the last three years.
Shares of NYSE TPZ traded up $0.04 during trading on Thursday, hitting $18.48. 10,991 shares of the company traded hands, compared to its average volume of 22,468. Tortoise Power & Energy Infrstrct Fd has a 1 year low of $14.77 and a 1 year high of $20.20.
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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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