Media stories about Tortoise Power & Energy Infrstrct Fd (NYSE:TPZ) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tortoise Power & Energy Infrstrct Fd earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Tortoise Power & Energy Infrstrct Fd (NYSE TPZ) traded up 0.52% during midday trading on Friday, reaching $21.29. 28,215 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $20.96 and a 200 day moving average price of $21.95. Tortoise Power & Energy Infrstrct Fd has a 12-month low of $19.44 and a 12-month high of $23.46.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Tortoise Power & Energy Infrstrct Fd Company Profile
Tortoise Power and Energy Infrastructure Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary objective is capital appreciation. It seeks to invest primarily in fixed income and dividend-paying equity securities of power and energy infrastructure companies.
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