ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) to Issue Quarterly Dividend of $0.55

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR – Get Rating) declared a quarterly dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Tuesday, February 21st will be given a dividend of 0.55 per share by the investment management company on Tuesday, February 28th. This represents a $2.20 annualized dividend and a dividend yield of 7.09%. The ex-dividend date is Friday, February 17th. This is an increase from ClearBridge MLP and Midstream Total Return Fund’s previous quarterly dividend of $0.54.

ClearBridge MLP and Midstream Total Return Fund has decreased its dividend payment by an average of 22.9% annually over the last three years and has increased its dividend every year for the last 2 years.

ClearBridge MLP and Midstream Total Return Fund Trading Up 1.0 %

Shares of NYSE:CTR opened at $31.05 on Tuesday. ClearBridge MLP and Midstream Total Return Fund has a fifty-two week low of $23.52 and a fifty-two week high of $33.24. The company’s 50-day moving average price is $29.47 and its 200 day moving average price is $29.21.

Institutional Trading of ClearBridge MLP and Midstream Total Return Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its holdings in shares of ClearBridge MLP and Midstream Total Return Fund by 2.9% during the first quarter. Advisors Asset Management Inc. now owns 194,404 shares of the investment management company’s stock valued at $5,675,000 after acquiring an additional 5,520 shares during the period. Saba Capital Management L.P. bought a new stake in shares of ClearBridge MLP and Midstream Total Return Fund during the 1st quarter worth $2,159,000. Guggenheim Capital LLC boosted its holdings in shares of ClearBridge MLP and Midstream Total Return Fund by 2.1% during the 1st quarter. Guggenheim Capital LLC now owns 51,722 shares of the investment management company’s stock worth $1,509,000 after buying an additional 1,087 shares during the period. Royal Bank of Canada boosted its holdings in ClearBridge MLP and Midstream Total Return Fund by 2.2% in the 3rd quarter. Royal Bank of Canada now owns 46,227 shares of the investment management company’s stock valued at $1,216,000 after purchasing an additional 987 shares during the period. Finally, Invesco Ltd. boosted its holdings in ClearBridge MLP and Midstream Total Return Fund by 14.4% in the 1st quarter. Invesco Ltd. now owns 43,204 shares of the investment management company’s stock valued at $1,261,000 after purchasing an additional 5,428 shares during the period.

ClearBridge MLP and Midstream Total Return Fund Company Profile

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ClearBridge MLP and Midstream Total Return Fund Inc is an open ended equity mutual fund of funds launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector.