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Sat Sep 21 11:40:43 UTC 2024: ## Tortoise Power and Energy Infrastructure Fund Declares Monthly Dividend of $0.105 per Share
**New York, NY (September 21, 2024)** – Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) announced a monthly dividend of $0.105 per share, payable on September 30th to investors of record on September 23rd. This represents an annualized dividend of $1.26 and a yield of 6.91%.
The investment management company has consistently increased its dividend, averaging an 8.9% annual growth over the last three years.
TPZ opened at $18.23 on Friday, with a 50-day moving average of $17.43 and a 200-day moving average of $16.11. The stock has a 1-year low of $12.76 and a 1-year high of $18.52.
Tortoise Power and Energy Infrastructure Fund, Inc. is a closed-ended balanced mutual fund managed by Tortoise Capital Advisors, LLC. The fund invests in fixed income and public equity securities of companies operating in the power and energy infrastructure sectors within the United States.