ClearBridge American Energy MLP Fund Inc. (CBA) to Issue $0.20 Quarterly Dividend

ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) declared a quarterly dividend on Tuesday, January 23rd, Wall Street Journal reports. Stockholders of record on Friday, February 16th will be given a dividend of 0.20 per share by the investment management company on Thursday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date is Thursday, February 15th.

ClearBridge American Energy MLP Fund has decreased its dividend by an average of 12.8% annually over the last three years.

ClearBridge American Energy MLP Fund (NYSE CBA) traded up $0.09 on Tuesday, hitting $9.49. The stock had a trading volume of 198,080 shares, compared to its average volume of 468,101. ClearBridge American Energy MLP Fund has a fifty-two week low of $6.94 and a fifty-two week high of $10.54.

In other ClearBridge American Energy MLP Fund news, insider Chris Eades acquired 3,140 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $8.01 per share, for a total transaction of $25,151.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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ClearBridge American Energy MLP Fund Company Profile

ClearBridge American 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 equal emphasis on current distributions and capital appreciation. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.

Dividend History for ClearBridge American Energy MLP Fund (NYSE:CBA)

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