Tortoise Power & Energy Infrstrct Fd Inc (TPZ) to Issue Monthly Dividend of $0.13 on September 29th

Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) announced a monthly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.125 per share by the investment management company on Friday, September 29th. This represents a $1.50 annualized dividend and a dividend yield of 7.06%. The ex-dividend date is Thursday, September 21st.

Tortoise Power & Energy Infrstrct Fd has raised its dividend payment by an average of 0.6% annually over the last three years.

Shares of Tortoise Power & Energy Infrstrct Fd (TPZ) opened at 21.25 on Wednesday. The firm’s 50 day moving average is $20.47 and its 200 day moving average is $21.41. Tortoise Power & Energy Infrstrct Fd has a 52-week low of $19.68 and a 52-week high of $23.46.

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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.

Dividend History for Tortoise Power & Energy Infrstrct Fd (NYSE:TPZ)

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