Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) To Go Ex-Dividend on December 31st

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) announced a — dividend on Tuesday, December 31st,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.0252 per share by the investment management company on Thursday, January 2nd. The ex-dividend date of this dividend is Tuesday, December 31st.

Tortoise Power and Energy Infrastructure Fund Trading Down 0.0 %

Shares of TPZ opened at $20.07 on Thursday. Tortoise Power and Energy Infrastructure Fund has a 52 week low of $13.79 and a 52 week high of $20.99. The stock has a 50 day moving average of $19.92 and a 200-day moving average of $18.24.

Insider Buying and Selling

In other Tortoise Power and Energy Infrastructure Fund news, major shareholder Saba Capital Management, L.P. sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $20.09, for a total value of $20,090,000.00. Following the sale, the insider now owns 11,234 shares in the company, valued at approximately $225,691.06. This trade represents a 98.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.