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.

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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.

Dividend History for Tortoise MLP Fund (NYSE:NTG)

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