Media headlines about Tortoise Energy Infrastructure (NYSE:TYG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tortoise Energy Infrastructure earned a news impact score of 0.17 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.1868139843219 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Tortoise Energy Infrastructure (NYSE:TYG) opened at $30.15 on Monday. Tortoise Energy Infrastructure has a 52 week low of $24.30 and a 52 week high of $36.60.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.655 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 8.69%.
In other Tortoise Energy Infrastructure news, insider Terry Matlack bought 1,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was purchased at an average cost of $26.13 per share, with a total value of $26,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO P. Bradley Adams bought 1,500 shares of the firm’s stock in a transaction on Thursday, December 28th. The stock was acquired at an average cost of $28.33 per share, with a total value of $42,495.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 10,537 shares of company stock valued at $278,434. 0.33% of the stock is owned by insiders.
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About Tortoise Energy Infrastructure
Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.
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