Somewhat Positive Media Coverage Somewhat Unlikely to Impact ClearBridge Energy MLP Fund (CEM) Stock Price
News stories about ClearBridge Energy MLP Fund (NYSE:CEM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ClearBridge Energy MLP Fund earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 45.4166118985617 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of ClearBridge Energy MLP Fund (NYSE CEM) traded down 2.08% during mid-day trading on Thursday, hitting $14.59. The stock had a trading volume of 178,921 shares. ClearBridge Energy MLP Fund has a 12 month low of $13.89 and a 12 month high of $17.96. The stock’s 50-day moving average is $14.86 and its 200 day moving average is $15.76.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 25th were paid a dividend of $0.355 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $1.42 dividend on an annualized basis and a dividend yield of 9.53%.
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About ClearBridge Energy MLP Fund
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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