Investors Buy Alerian MLP (AMLP) on Weakness
Investors bought shares of Alerian MLP (NYSEARCA:AMLP) on weakness during trading on Friday. $56.79 million flowed into the stock on the tick-up and $41.51 million flowed out of the stock on the tick-down, for a money net flow of $15.28 million into the stock. Of all equities tracked, Alerian MLP had the 28th highest net in-flow for the day. Alerian MLP traded down ($0.05) for the day and closed at $10.49
The firm has a market cap of $9,870.00 and a P/E ratio of 5.09.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, February 9th will be paid a $0.2066 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.83 annualized dividend and a dividend yield of 7.88%. This is a positive change from Alerian MLP’s previous quarterly dividend of $0.21. Alerian MLP’s payout ratio is currently 41.75%.
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Alerian MLP Company Profile
ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.
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