Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ – Get Free Report) declared a monthly dividend on Friday, August 9th, NASDAQ reports. Stockholders of record on Friday, August 23rd will be given a dividend of 0.105 per share by the investment management company on Friday, August 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Friday, August 23rd.
Tortoise Power and Energy Infrastructure Fund has increased its dividend by an average of 8.9% per year over the last three years.
Tortoise Power and Energy Infrastructure Fund Stock Down 2.1 %
Shares of NYSE:TPZ traded down $0.37 during trading on Friday, reaching $17.19. 37,220 shares of the stock were exchanged, compared to its average volume of 11,738. The firm’s 50-day moving average price is $16.00 and its 200 day moving average price is $15.34. Tortoise Power and Energy Infrastructure Fund has a 12-month low of $12.76 and a 12-month high of $17.99.
About Tortoise Power and Energy Infrastructure Fund
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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