ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) to Issue Quarterly Dividend of $0.55 on February 28th

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR – Get Rating) declared a quarterly dividend on Monday, January 23rd, Zacks reports. Shareholders of record on Tuesday, February 21st will be given a dividend of 0.55 per share by the investment management company on Tuesday, February 28th. This represents a $2.20 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Friday, February 17th. This is an increase from ClearBridge MLP and Midstream Total Return Fund’s previous quarterly dividend of $0.54.

ClearBridge MLP and Midstream Total Return Fund has decreased its dividend payment by an average of 22.9% per year over the last three years and has raised its dividend annually for the last 2 consecutive years.

ClearBridge MLP and Midstream Total Return Fund Stock Up 0.5 %

NYSE:CTR opened at $31.20 on Wednesday. The company has a 50 day moving average price of $29.47 and a 200-day moving average price of $29.25. ClearBridge MLP and Midstream Total Return Fund has a 1-year low of $23.78 and a 1-year high of $33.24.

Hedge Funds Weigh In On ClearBridge MLP and Midstream Total Return Fund

Several institutional investors have recently made changes to their positions in CTR. Advisor Group Holdings Inc. increased its holdings in shares of ClearBridge MLP and Midstream Total Return Fund by 69.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,473 shares of the investment management company’s stock valued at $43,000 after purchasing an additional 605 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in shares of ClearBridge MLP and Midstream Total Return Fund during the 1st quarter valued at approximately $317,000. UBS Group AG grew its stake in ClearBridge MLP and Midstream Total Return Fund by 9.6% in the 1st quarter. UBS Group AG now owns 8,636 shares of the investment management company’s stock valued at $252,000 after acquiring an additional 757 shares during the period. Invesco Ltd. grew its stake in ClearBridge MLP and Midstream Total Return Fund by 14.4% in the 1st quarter. Invesco Ltd. now owns 43,204 shares of the investment management company’s stock valued at $1,261,000 after acquiring an additional 5,428 shares during the period. Finally, Guggenheim Capital LLC grew its stake in ClearBridge MLP and Midstream Total Return Fund by 2.1% in the 1st quarter. Guggenheim Capital LLC now owns 51,722 shares of the investment management company’s stock valued at $1,509,000 after acquiring an additional 1,087 shares during the period.

ClearBridge MLP and Midstream Total Return Fund Company Profile

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ClearBridge MLP and Midstream Total Return Fund Inc is an open ended equity mutual fund of funds launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector.