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

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) announced a quarterly dividend on Monday, November 4th,NASDAQ Dividends 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 dividend yield of 5.83%. The ex-dividend date of this dividend is Friday, November 22nd.

Tortoise Midstream Energy Fund Stock Up 0.6 %

NYSE:NTG opened at $55.61 on Wednesday. The stock’s 50 day moving average price is $50.08 and its two-hundred day moving average price is $44.97. Tortoise Midstream Energy Fund has a twelve month low of $32.70 and a twelve month high of $56.00.

Insider Activity at Tortoise Midstream Energy Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 4,725 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of $44.84 per share, with a total value of $211,869.00. Following the completion of the purchase, the insider now directly owns 515,767 shares of the company’s stock, valued at $23,126,992.28. The trade was a 0.92 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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.