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

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) declared a monthly dividend on Monday, November 4th, NASDAQ reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.105 per share by the investment management company on Friday, November 29th. This represents a $1.26 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend is Friday, November 22nd.

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

Tortoise Power and Energy Infrastructure Fund Stock Up 1.3 %

Shares of NYSE TPZ traded up $0.25 during midday trading on Tuesday, reaching $18.99. 32,715 shares of the stock were exchanged, compared to its average volume of 15,538. The company has a 50 day simple moving average of $18.42 and a 200 day simple moving average of $16.85. Tortoise Power and Energy Infrastructure Fund has a twelve month low of $13.14 and a twelve month high of $19.09.

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.