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.
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