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

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) announced a monthly dividend on Friday, August 9th, NASDAQ reports. Investors of record on Friday, August 23rd will be paid a dividend of 0.105 per share by the investment management company on Friday, August 30th. This represents a $1.26 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend is Friday, August 23rd.

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

Tortoise Power and Energy Infrastructure Fund Stock Performance

TPZ stock traded down $0.37 during trading on Friday, hitting $17.19. 37,220 shares of the stock traded hands, compared to its average volume of 11,738. The firm’s 50 day moving average is $15.96 and its two-hundred day moving average is $15.32. Tortoise Power and Energy Infrastructure Fund has a 1 year low of $12.76 and a 1 year high of $17.99.

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.