Salient Midstream & MLP Fund (SMM) Getting Somewhat Critical News Coverage, Study Shows
Media headlines about Salient Midstream & MLP Fund (NYSE:SMM) have trended somewhat negative recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Salient Midstream & MLP Fund earned a media sentiment score of -0.02 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 47.6483112618154 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Salient Midstream & MLP Fund (SMM) traded up $0.27 during midday trading on Tuesday, hitting $10.62. The company had a trading volume of 154,900 shares, compared to its average volume of 83,323. Salient Midstream & MLP Fund has a fifty-two week low of $9.64 and a fifty-two week high of $14.32.
The firm also recently disclosed 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 was Thursday, November 16th. This represents a $0.98 annualized dividend and a dividend yield of 9.19%.
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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