Tortoise Midstream Energy Fund Inc (NYSE:NTG) announced a quarterly dividend on Monday, November 4th, Zacks reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.423 per share by the investment management company on Friday, November 29th. This represents a $1.69 annualized dividend and a dividend yield of 16.41%. The ex-dividend date is Thursday, November 21st.
Shares of NTG stock traded down $0.08 on Tuesday, hitting $10.31. 8,417 shares of the company’s stock were exchanged, compared to its average volume of 278,811. Tortoise Midstream Energy Fund has a 12 month low of $10.46 and a 12 month high of $14.86. The company has a 50 day moving average of $11.41 and a 200 day moving average of $12.73.
Separately, Peel Hunt restated a “buy” rating on shares of Tortoise Midstream Energy Fund in a research report on Tuesday, November 5th.
Tortoise MLP Fund, Inc is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in public equity markets. The fund primarily invests in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships.
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