Salient Midstream & MLP Fund (NYSE:SMM)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.08 and traded as high as $7.65. Salient Midstream & MLP Fund shares last traded at $7.58, with a volume of 3,269 shares traded.
The company’s 50 day moving average is $8.05 and its 200 day moving average is $8.66.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Friday, August 16th were paid a dividend of $0.171 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.68 annualized dividend and a yield of 9.00%.
Salient Midstream & MLP Fund Company Profile (NYSE:SMM)
Salient Midstream & MLP Fund is a closed ended equity mutual fund launched and managed by Salient Capital Advisors, LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector, including transporting, storing, gathering, processing, distributing, marketing and/or delivering natural gas, natural gas liquids, crude oil or refined products or coal.
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