Tortoise Midstream Energy Fund, Inc. (NTG) To Go Ex-Dividend on May 23rd

Tortoise Midstream Energy Fund, Inc. (NYSE:NTGGet Rating) announced a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Stockholders of record on Tuesday, May 24th will be paid a dividend of 0.77 per share by the investment management company on Tuesday, May 31st. This represents a $3.08 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend is Monday, May 23rd.

Tortoise Midstream Energy Fund has decreased its dividend by an average of 54.0% annually over the last three years and has raised its dividend every year for the last 2 years.

Shares of Tortoise Midstream Energy Fund stock opened at $35.08 on Friday. Tortoise Midstream Energy Fund has a 1 year low of $25.78 and a 1 year high of $40.61. The stock has a fifty day moving average price of $36.85 and a 200-day moving average price of $34.02.

Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Tortoise Midstream Energy Fund during the 4th quarter valued at $111,000. City of London Investment Management Co. Ltd. purchased a new stake in Tortoise Midstream Energy Fund in the 1st quarter worth about $204,000. Guggenheim Capital LLC increased its holdings in Tortoise Midstream Energy Fund by 48.9% in the 4th quarter. Guggenheim Capital LLC now owns 21,995 shares of the investment management company’s stock worth $671,000 after acquiring an additional 7,222 shares during the last quarter. UBS Group AG increased its holdings in Tortoise Midstream Energy Fund by 17.2% in the 3rd quarter. UBS Group AG now owns 23,481 shares of the investment management company’s stock worth $678,000 after acquiring an additional 3,439 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Tortoise Midstream Energy Fund by 38.2% in the 2nd quarter. Morgan Stanley now owns 122,538 shares of the investment management company’s stock worth $3,666,000 after acquiring an additional 33,893 shares during the last quarter.

About Tortoise Midstream Energy Fund (Get Rating)

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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Dividend History for Tortoise Midstream Energy Fund (NYSE:NTG)

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