Tortoise MLP Fund, Inc. (NTG) Announces Quarterly Dividend of $0.42

Tortoise MLP Fund, Inc. (NYSE:NTG) announced a quarterly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Wednesday, February 21st will be given a dividend of 0.4225 per share by the investment management company on Wednesday, February 28th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date of this dividend is Tuesday, February 20th.

Tortoise MLP Fund has increased its dividend by an average of 0.1% per year over the last three years.

Tortoise MLP Fund (NYSE NTG) traded up $0.32 during mid-day trading on Monday, hitting $19.25. 204,741 shares of the stock were exchanged, compared to its average volume of 317,219. Tortoise MLP Fund has a twelve month low of $14.91 and a twelve month high of $21.84.

In other news, major shareholder Prudential Financial Inc acquired 32,000,000 shares of Tortoise MLP Fund stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average cost of $26,562,500.00 per share, for a total transaction of $850,000,000,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 32,003,250 shares of company stock worth $850,000,000,052,530 over the last 90 days.

ILLEGAL ACTIVITY WARNING: “Tortoise MLP Fund, Inc. (NTG) Announces Quarterly Dividend of $0.42” was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/12/tortoise-mlp-fund-inc-ntg-announces-quarterly-dividend-of-0-42.html.

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.

Dividend History for Tortoise MLP Fund (NYSE:NTG)

Receive News & Ratings for Tortoise MLP Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise MLP Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply