Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ – Free Report) announced a monthly dividend on Friday, August 9, NASDAQ reports. Shareholders of record on Friday, August 23rd will receive a dividend of 0.105 per share from the investment company on Friday, August 30th. This represents an annualized dividend of $1.26 and a dividend yield of 7.33%. The ex-dividend date is Friday, August 23rd.
The Tortoise Power and Energy Infrastructure Fund has increased its dividend by an average of 8.9% annually over the past three years.
Tortoise Power and Energy Infrastructure Fund shares down 2.1%
Shares of NYSE:TPZ traded $0.37 lower on Friday, reaching $17.19. 37,220 shares traded hands, compared to an average volume of 11,738. The company’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 the Tortoise Power and Energy Infrastructure Fund
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Tortoise Power and Energy Infrastructure Fund, Inc. is a closed-end, balanced mutual fund established 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 engaged in the power and energy infrastructure sectors.
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