Tortoise MLP Fund (NTG) Receiving Somewhat Positive Media Coverage, Analysis Finds

Headlines about Tortoise MLP Fund (NYSE:NTG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tortoise MLP Fund earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 44.0881327150986 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Tortoise MLP Fund (NYSE NTG) opened at $17.29 on Wednesday. Tortoise MLP Fund has a 52-week low of $14.91 and a 52-week high of $21.84.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were given a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.77%. The ex-dividend date was Tuesday, November 21st.

In other news, major shareholder Prudential Financial Inc acquired 32,000,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were purchased at an average price of $26,562,500.00 per share, for a total transaction of $850,000,000,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 32,003,250 shares of company stock worth $850,000,000,052,530 in the last 90 days.

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About Tortoise MLP Fund

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.

Insider Buying and Selling by Quarter for Tortoise MLP Fund (NYSE:NTG)

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