Media coverage about ClearBridge Energy MLP Fund (NYSE:CEM) has been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ClearBridge Energy MLP Fund earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 47.0079687653831 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
ClearBridge Energy MLP Fund traded up $0.11, reaching $15.12, during midday trading on Monday, MarketBeat.com reports. The stock had a trading volume of 11,328 shares, compared to its average volume of 266,073. ClearBridge Energy MLP Fund has a 12 month low of $12.10 and a 12 month high of $17.36.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Thursday, May 24th will be issued a $0.355 dividend. The ex-dividend date is Wednesday, May 23rd. This represents a $1.42 dividend on an annualized basis and a yield of 9.39%.
In other ClearBridge Energy MLP Fund news, Director Carol L. Colman bought 2,000 shares of ClearBridge Energy MLP Fund stock in a transaction dated Monday, March 12th. The shares were purchased at an average cost of $14.48 per share, for a total transaction of $28,960.00. Following the acquisition, the director now directly owns 8,120 shares in the company, valued at approximately $117,577.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William R. Hutchinson bought 7,000 shares of ClearBridge Energy MLP Fund stock in a transaction dated Monday, May 14th. The stock was acquired at an average price of $14.76 per share, for a total transaction of $103,320.00. Following the completion of the acquisition, the director now owns 7,000 shares in the company, valued at $103,320. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 14,000 shares of company stock worth $203,030.
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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