Tortoise MLP Fund, Inc. (NYSE:NTG) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Thursday, August 24th will be given a dividend of 0.4225 per share by the investment management company on Thursday, August 31st. This represents a $1.69 annualized dividend and a dividend yield of 9.48%. The ex-dividend date is Tuesday, August 22nd.
Tortoise MLP Fund has increased its dividend by an average of 0.3% per year over the last three years.
Tortoise MLP Fund (NYSE NTG) traded down 0.28% during midday trading on Friday, hitting $17.82. 122,006 shares of the stock traded hands. Tortoise MLP Fund has a 12-month low of $17.57 and a 12-month high of $21.84. The firm’s 50 day moving average is $18.94 and its 200-day moving average is $19.67.
Tortoise MLP Fund Company Profile
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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