On 5/13/15, 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 6/1/15. As a percentage of TYG.PRC's recent share price of $10.28, this dividend works out to approximately 0.32%. On an annualized basis, the current yield is approximately 3.87%, which compares to an average yield of 5.66% 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:
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:
In Monday trading, Tortoise Energy Infrastructure Fund's 3.95% Series C Mandatory Redeemable Preferred Shares (Symbol: TYG.PRC) is currently up about 0.6% on the day, while the common shares (Symbol: TYG) are off about 1.6%.
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.
