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

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) declared a monthly dividend on Wednesday, July 10th, Wall Street Journal reports. Stockholders of record on Wednesday, July 24th will be given a dividend of 0.105 per share by the investment management company on Wednesday, July 31st. This represents a $1.26 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Wednesday, July 24th.

Tortoise Power and Energy Infrastructure Fund has increased its dividend payment by an average of 8.9% annually over the last three years.

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of TPZ stock traded up $0.15 during trading hours on Thursday, hitting $16.10. 19,583 shares of the company’s stock traded hands, compared to its average volume of 10,792. The stock’s fifty day simple moving average is $15.55 and its two-hundred day simple moving average is $14.97. Tortoise Power and Energy Infrastructure Fund has a 12-month low of $12.76 and a 12-month high of $16.19.

Tortoise Power and Energy Infrastructure Fund Company Profile

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.