Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Announces $0.77 Quarterly Dividend

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) announced a quarterly dividend on Thursday, November 9th, NASDAQ reports. Investors of record on Wednesday, November 22nd will be given a dividend of 0.77 per share by the investment management company on Thursday, November 30th. This represents a $3.08 annualized dividend and a yield of 8.92%. The ex-dividend date of this dividend is Tuesday, November 21st.

Tortoise Midstream Energy Fund has decreased its dividend payment by an average of 43.3% per year over the last three years and has raised its dividend annually for the last 2 consecutive years.

Tortoise Midstream Energy Fund Trading Up 1.1 %

NYSE:NTG opened at $34.53 on Monday. The firm’s fifty day simple moving average is $34.07 and its 200 day simple moving average is $34.19. Tortoise Midstream Energy Fund has a twelve month low of $29.64 and a twelve month high of $38.18.

Hedge Funds Weigh In On Tortoise Midstream Energy Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in Tortoise Midstream Energy Fund by 12.2% during the fourth quarter. Morgan Stanley now owns 174,491 shares of the investment management company’s stock valued at $6,034,000 after buying an additional 19,030 shares during the period. Wells Fargo & Company MN lifted its position in Tortoise Midstream Energy Fund by 14.5% during the fourth quarter. Wells Fargo & Company MN now owns 92,489 shares of the investment management company’s stock valued at $3,198,000 after buying an additional 11,689 shares during the period. Royal Bank of Canada lifted its position in Tortoise Midstream Energy Fund by 62.6% during the third quarter. Royal Bank of Canada now owns 68,350 shares of the investment management company’s stock valued at $2,335,000 after buying an additional 26,326 shares during the period. Stansberry Asset Management LLC lifted its position in Tortoise Midstream Energy Fund by 73.2% during the fourth quarter. Stansberry Asset Management LLC now owns 50,451 shares of the investment management company’s stock valued at $1,745,000 after buying an additional 21,316 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in Tortoise Midstream Energy Fund by 675.5% during the first quarter. Advisors Asset Management Inc. now owns 28,313 shares of the investment management company’s stock valued at $1,075,000 after buying an additional 24,662 shares during the period.

About Tortoise Midstream Energy Fund

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.