Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) To Go Ex-Dividend on September 21st

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) announced a monthly dividend on Tuesday, September 12th, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.105 per share by the investment management company on Friday, September 29th. This represents a $1.26 dividend on an annualized basis and a yield of 9.20%. The ex-dividend date of this dividend is Thursday, September 21st.

Tortoise Power and Energy Infrastructure Fund has decreased its dividend by an average of 6.8% per year over the last three years and has raised its dividend every year for the last 2 years.

Tortoise Power and Energy Infrastructure Fund Price Performance

Tortoise Power and Energy Infrastructure Fund stock opened at $13.70 on Tuesday. Tortoise Power and Energy Infrastructure Fund has a one year low of $11.91 and a one year high of $14.38. The business has a fifty day moving average of $13.71 and a two-hundred day moving average of $13.16.

Institutional Investors Weigh In On Tortoise Power and Energy Infrastructure Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the second quarter valued at $129,000. First Trust Advisors LP acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 1st quarter worth $133,000. Eudaimonia Partners LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 1st quarter worth $158,000. First Republic Investment Management Inc. acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 4th quarter worth $188,000. Finally, Zimmer Partners LP acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 1st quarter worth $193,000.

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.