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

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) declared a monthly dividend on Monday, November 4th, NASDAQ reports. Investors 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 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend is Friday, November 22nd.

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

Tortoise Power and Energy Infrastructure Fund Trading Up 1.3 %

NYSE:TPZ traded up $0.25 on Tuesday, hitting $18.99. 32,715 shares of the company’s stock were exchanged, compared to its average volume of 15,538. The firm has a 50-day moving average price of $18.42 and a 200-day moving average price of $16.85. Tortoise Power and Energy Infrastructure Fund has a 52 week low of $13.14 and a 52 week 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.