ClearBridge Energy MLP Fund Inc (CEM) to Issue Quarterly Dividend of $0.36
ClearBridge Energy MLP Fund Inc (NYSE:CEM) declared a quarterly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Friday, November 24th will be paid a dividend of 0.355 per share by the investment management company on Thursday, November 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.97%. The ex-dividend date of this dividend is Wednesday, November 22nd.
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 (CEM) traded down $0.32 during midday trading on Tuesday, hitting $12.94. The company had a trading volume of 518,600 shares, compared to its average volume of 203,562. ClearBridge Energy MLP Fund has a 52 week low of $12.87 and a 52 week high of $17.96.
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.
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