ClearBridge Energy MLP Fund Inc (CEM) Declares Quarterly Dividend of $0.36
ClearBridge Energy MLP Fund Inc (NYSE:CEM) announced a quarterly dividend on Wednesday, July 4th, Zacks reports. Stockholders of record on Friday, August 24th will be given a dividend of 0.355 per share by the investment management company on Tuesday, September 4th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 9.34%. The ex-dividend date of this dividend is Thursday, August 23rd.
ClearBridge Energy MLP Fund has decreased its dividend payment by an average of 4.4% per year over the last three years.
CEM stock opened at $15.21 on Friday. ClearBridge Energy MLP Fund has a 1 year low of $12.10 and a 1 year high of $17.36.
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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