Tortoise MLP Fund (NTG) Earns Media Sentiment Score of 0.05
News stories about Tortoise MLP Fund (NYSE:NTG) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. 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 sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 43.8563056090887 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Tortoise MLP Fund stock traded down $0.17 during mid-day trading on Thursday, hitting $16.16. 44,888 shares of the company’s stock were exchanged, compared to its average volume of 276,087. Tortoise MLP Fund has a 12-month low of $14.91 and a 12-month high of $21.09.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st were given a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 10.46%. The ex-dividend date was Tuesday, February 20th.
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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