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.
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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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