News headlines about Salient Midstream & MLP Fund (NYSE:SMM) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Salient Midstream & MLP Fund earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 47.4466002985742 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Salient Midstream & MLP Fund (NYSE:SMM) traded up $0.02 during trading hours on Wednesday, hitting $10.85. 327,300 shares of the company were exchanged, compared to its average volume of 86,963. Salient Midstream & MLP Fund has a 12-month low of $9.64 and a 12-month high of $14.32.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Friday, November 17th were given a dividend of $0.244 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 9.00%.
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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