Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Plans Quarterly Dividend of $0.81

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) announced a quarterly dividend on Monday, November 4th, NASDAQ reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.81 per share by the investment management company on Friday, November 29th. This represents a $3.24 annualized dividend and a yield of 6.35%. The ex-dividend date is Friday, November 22nd.

Tortoise Midstream Energy Fund Trading Up 1.6 %

Shares of NYSE:NTG traded up $0.80 during trading on Tuesday, reaching $51.04. The company had a trading volume of 18,316 shares, compared to its average volume of 12,757. The stock’s fifty day moving average price is $48.08 and its 200 day moving average price is $43.78. Tortoise Midstream Energy Fund has a fifty-two week low of $32.70 and a fifty-two week high of $51.28.

Insider Transactions at Tortoise Midstream Energy Fund

In other Tortoise Midstream Energy Fund news, major shareholder Saba Capital Management, L.P. purchased 4,725 shares of Tortoise Midstream Energy Fund stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of $44.84 per share, with a total value of $211,869.00. Following the acquisition, the insider now directly owns 515,767 shares of the company’s stock, valued at $23,126,992.28. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Tortoise Midstream Energy Fund Company Profile

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.