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

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) declared a dividend on Monday, November 25th,NASDAQ Dividends reports. Investors 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

NTG stock traded down $0.18 during trading on Tuesday, reaching $56.28. 10,647 shares of the stock were exchanged, compared to its average volume of 12,683. The business has a 50 day moving average price of $50.95 and a 200-day moving average price of $45.46. Tortoise Midstream Energy Fund has a 1 year low of $32.70 and a 1 year high of $57.74.

Insiders Place Their Bets

In related 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 shares were acquired at an average cost of $44.84 per share, with a total value of $211,869.00. Following the purchase, the insider now owns 515,767 shares of the company’s stock, valued at approximately $23,126,992.28. The trade was a 0.92 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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.