Tortoise MLP Fund (NTG) Hits New 12-Month Low at $13.69
Tortoise MLP Fund Inc (NYSE:NTG) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $13.69 and last traded at $13.84, with a volume of 8053 shares traded. The stock had previously closed at $14.08.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.423 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 12.28%. The ex-dividend date of this dividend is Wednesday, November 21st.
In other news, major shareholder Prudential Financial Inc purchased 48,000,000 shares of the business’s stock in a transaction dated Tuesday, October 16th. The stock was bought at an average price of $8,375,000.00 per share, with a total value of $402,000,000,000,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
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Tortoise MLP Fund Company Profile (NYSE:NTG)
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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