Salient Midstream & MLP Fund (NYSE:SMM) announced a quarterly dividend on Monday, August 5th, NASDAQ reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.171 per share by the investment management company on Thursday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 8.84%. The ex-dividend date of this dividend is Thursday, August 15th.
Salient Midstream & MLP Fund has decreased its dividend by an average of 19.8% per year over the last three years.
Salient Midstream & MLP Fund stock opened at $7.74 on Wednesday. Salient Midstream & MLP Fund has a fifty-two week low of $6.80 and a fifty-two week high of $10.68. The firm has a 50 day moving average of $8.48.
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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