News stories about Salient Midstream & MLP Fund (NYSE:SMM) have been trending somewhat positive on Tuesday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Salient Midstream & MLP Fund earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 47.544110504381 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Salient Midstream & MLP Fund (NYSE SMM) traded down $0.03 during trading on Tuesday, hitting $10.45. The stock had a trading volume of 42,418 shares, compared to its average volume of 94,312. Salient Midstream & MLP Fund has a 52 week low of $9.64 and a 52 week high of $13.99.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be given a $0.244 dividend. This represents a $0.98 annualized dividend and a dividend yield of 9.34%. The ex-dividend date of this dividend is Wednesday, February 14th.
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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