Salient Midstream & MLP Fund (NYSE:SMM) Plans Quarterly Dividend of $0.24
Salient Midstream & MLP Fund (NYSE:SMM) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be paid a dividend of 0.244 per share by the investment management company on Thursday, August 31st. This represents a $0.98 dividend on an annualized basis and a dividend yield of 9.35%. The ex-dividend date is Wednesday, August 16th.
Salient Midstream & MLP Fund has decreased its dividend payment by an average of 5.9% annually over the last three years.
Shares of Salient Midstream & MLP Fund (NYSE:SMM) traded down 0.48% during trading on Friday, reaching $10.44. 52,269 shares of the company were exchanged. The company has a 50 day moving average price of $11.53 and a 200-day moving average price of $12.56. Salient Midstream & MLP Fund has a one year low of $10.41 and a one year high of $14.32.
Salient Midstream & MLP Fund Company Profile
Salient Midstream & MLP Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to its common shareholders. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities of midstream companies and master limited partnerships (MLPs).
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