ClearBridge Energy MLP Fund Inc (CEM) to Issue Quarterly Dividend of $0.36 on March 1st

ClearBridge Energy MLP Fund Inc (NYSE:CEM) declared a quarterly dividend on Tuesday, January 23rd, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.355 per share by the investment management company on Thursday, March 1st. This represents a $1.42 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date is Thursday, February 15th.

ClearBridge Energy MLP Fund has decreased its dividend payment by an average of 4.4% annually over the last three years.

ClearBridge Energy MLP Fund (CEM) opened at $16.03 on Wednesday. ClearBridge Energy MLP Fund has a 52 week low of $12.10 and a 52 week high of $17.96.

In related news, insider Chris Eades purchased 1,830 shares of the business’s stock in a transaction on Monday, December 11th. The shares were acquired at an average price of $13.71 per share, for a total transaction of $25,089.30. Following the purchase, the insider now owns 6,430 shares of the company’s stock, valued at approximately $88,155.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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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.

Dividend History for ClearBridge Energy MLP Fund (NYSE:CEM)

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