Markets
TYG

Ex-Div Reminder for Tortoise Energy Infrastructure Fund's 3.95% Series C Mandatory Redeemable Preferred Shares

On 2/11/15, Tortoise Energy Infrastructure Fund's 3.95% Series C Mandatory Redeemable Preferred Shares (Symbol: TYG.PRC) will trade ex-dividend, for its monthly dividend of $0.0329, payable on 3/2/15. As a percentage of TYG.PRC's recent share price of $10.15, this dividend works out to approximately 0.32%. On an annualized basis, the current yield is approximately 3.89%, which compares to an average yield of 5.77% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of TYG.PRC shares, versus TYG:

Performance Comparison Chart

Below is a dividend history chart for TYG.PRC, showing historical dividends prior to the most recent $0.0329 on Tortoise Energy Infrastructure Fund's 3.95% Series C Mandatory Redeemable Preferred Shares:

TYG.PRC+Dividend+History+Chart

In Monday trading, Tortoise Energy Infrastructure Fund's 3.95% Series C Mandatory Redeemable Preferred Shares (Symbol: TYG.PRC) is currently trading flat on the day, while the common shares (Symbol: TYG) are off about 0.7%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TYG

Other Topics

Investing