Tortoise MLP Fund, Inc. (NYSE:NTG) Plans Quarterly Dividend of $0.42
Tortoise MLP Fund, Inc. (NYSE:NTG) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Thursday, August 24th will be paid a dividend of 0.4225 per share by the investment management company on Thursday, August 31st. This represents a $1.69 dividend on an annualized basis and a yield of 9.24%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Tortoise MLP Fund has increased its dividend by an average of 0.3% annually over the last three years.
Shares of Tortoise MLP Fund (NTG) traded down 2.30% during trading on Tuesday, hitting $18.29. 176,797 shares of the stock were exchanged. The stock has a 50-day moving average of $18.98 and a 200 day moving average of $19.78. Tortoise MLP Fund has a 12-month low of $17.57 and a 12-month high of $21.84.
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About Tortoise MLP Fund
Tortoise MLP Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current distributions. It invests primarily in master limited partnerships (MLPs) and their affiliates that own and operate a network of pipeline and energy-related logistical infrastructure assets.
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