Salient Midstream & MLP Fund (SMM) Receiving Somewhat Favorable Media Coverage, Report Finds
Media coverage about Salient Midstream & MLP Fund (NYSE:SMM) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Salient Midstream & MLP Fund earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 45.4057208855788 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Salient Midstream & MLP Fund (NYSE SMM) opened at 10.87 on Friday. The company has a 50-day moving average of $11.63 and a 200 day moving average of $12.69. Salient Midstream & MLP Fund has a 12 month low of $10.53 and a 12 month high of $14.32.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 18th will be issued a $0.244 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.98 dividend on an annualized basis and a yield of 8.98%.
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About Salient Midstream & MLP Fund
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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