Salient Midstream & MLP Fund (NYSE:SMM) to Issue $0.17 Quarterly Dividend

Salient Midstream & MLP Fund (NYSE:SMM) declared a quarterly dividend on Thursday, November 7th, Zacks reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.171 per share by the investment management company on Wednesday, November 27th. This represents a $0.68 annualized dividend and a dividend yield of 9.54%. The ex-dividend date of this dividend is Friday, November 15th.

NYSE:SMM traded up $0.01 during mid-day trading on Wednesday, reaching $7.17. 79,281 shares of the company’s stock traded hands, compared to its average volume of 101,710. Salient Midstream & MLP Fund has a 12-month low of $6.80 and a 12-month high of $9.30. The company has a 50 day moving average price of $7.49 and a 200-day moving average price of $8.14.

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Salient Midstream & MLP Fund Company Profile

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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