Media coverage about Tortoise MLP Fund (NYSE:NTG) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tortoise MLP Fund earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 46.1133964045043 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Tortoise MLP Fund (NYSE NTG) opened at $18.98 on Tuesday. Tortoise MLP Fund has a 1 year low of $14.91 and a 1 year high of $21.31.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be given a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date of this dividend is Tuesday, February 20th.
In other news, major shareholder Prudential Financial Inc acquired 32,000,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average price of $26,562,500.00 per share, for a total transaction of $850,000,000,000,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders purchased 32,002,250 shares of company stock valued at $850,000,000,036,180.
Tortoise MLP Fund Company Profile
Tortoise MLP Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current distributions. It invests primarily in master limited partnerships (MLPs) and their affiliates that own and operate a network of pipeline and energy-related logistical infrastructure assets.
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