ClearBridge Energy MLP Fund Inc Announces Quarterly Dividend of $0.36 (CEM)

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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In other news, insider Chris Eades acquired 1,600 shares of the stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average cost of $15.68 per share, with a total value of $25,088.00. Following the completion of the purchase, the insider now owns 3,600 shares in the company, valued at approximately $56,448. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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.

Dividend History for ClearBridge Energy MLP Fund (NYSE:CEM)

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