ClearBridge Energy MLP Fund Inc (NYSE:CEM) announced a quarterly dividend on Monday, August 14th, Wall Street Journal reports. Stockholders of record on Friday, August 25th will be paid a dividend of 0.355 per share by the investment management company on Friday, September 1st. This represents a $1.42 annualized dividend and a dividend yield of 9.72%. The ex-dividend date is Wednesday, August 23rd.
ClearBridge Energy MLP Fund has decreased its dividend by an average of 3.1% per year over the last three years.
Shares of ClearBridge Energy MLP Fund (NYSE CEM) opened at 14.61 on Friday. ClearBridge Energy MLP Fund has a 52 week low of $13.89 and a 52 week high of $17.96. The stock has a 50 day moving average price of $15.33 and a 200 day moving average price of $16.18.
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ClearBridge Energy MLP Fund Company Profile
ClearBridge Energy MLP Fund Inc (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 cash distributions. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.
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