Tortoise Midstream Energy Fund, Inc. Plans Dividend of $0.53 (NYSE:NTG)

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) declared a dividend on Monday, November 25th,NASDAQ Dividends reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.53 per share by the investment management company on Friday, December 13th. The ex-dividend date is Friday, December 6th.

Tortoise Midstream Energy Fund Price Performance

Shares of NYSE NTG traded down $0.18 during midday trading on Tuesday, reaching $56.28. 10,647 shares of the company’s stock traded hands, compared to its average volume of 12,683. Tortoise Midstream Energy Fund has a one year low of $32.70 and a one year high of $57.74. The stock’s 50 day simple moving average is $50.95 and its 200-day simple moving average is $45.46.

Insider Buying and Selling at Tortoise Midstream Energy Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 4,725 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was acquired at an average price of $44.84 per share, with a total value of $211,869.00. Following the completion of the acquisition, the insider now owns 515,767 shares in the company, valued at approximately $23,126,992.28. This represents a 0.92 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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.