Salient Midstream & MLP Fund (NYSE:SMM) declared a quarterly dividend on Tuesday, February 6th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.244 per share by the investment management company on Tuesday, February 27th. This represents a $0.98 annualized dividend and a dividend yield of 8.90%. The ex-dividend date is Wednesday, February 14th.
Salient Midstream & MLP Fund has decreased its dividend by an average of 11.9% annually over the last three years.
Salient Midstream & MLP Fund (NYSE SMM) opened at $10.97 on Wednesday. Salient Midstream & MLP Fund has a 12-month low of $9.64 and a 12-month high of $14.32.
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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