Somewhat Positive News Coverage Somewhat Unlikely to Affect Tortoise Energy Infrastructure Corporation (NYSE:TYG) Stock Price

News stories about Tortoise Energy Infrastructure Corporation (NYSE:TYG) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tortoise Energy Infrastructure Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.7279553885481 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Tortoise Energy Infrastructure Corporation (NYSE:TYG) traded down 0.80% during midday trading on Friday, reaching $28.38. 223,167 shares of the company traded hands. Tortoise Energy Infrastructure Corporation has a 12-month low of $27.40 and a 12-month high of $37.11. The company has a 50 day moving average of $30.02 and a 200-day moving average of $32.46.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date is Tuesday, August 22nd.

Separately, Stifel Nicolaus raised shares of Tortoise Energy Infrastructure Corporation from a “hold” rating to a “buy” rating and cut their price objective for the company from $35.00 to $34.00 in a research report on Wednesday, June 28th. They noted that the move was a valuation call.

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About Tortoise Energy Infrastructure Corporation

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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