Salient Midstream & MLP Fund (NYSE:SMM)’s share price shot up 0.3% during mid-day trading on Wednesday . The stock traded as high as $7.20 and last traded at $7.18, 1,625 shares changed hands during mid-day trading. A decline of 98% from the average session volume of 101,813 shares. The stock had previously closed at $7.16.
The company has a 50 day moving average price of $7.51 and a 200-day moving average price of $8.15.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a $0.171 dividend. This represents a $0.68 annualized dividend and a dividend yield of 9.55%. The ex-dividend date of this dividend is Friday, November 15th.
Salient Midstream & MLP Fund Company Profile (NYSE:SMM)
Salient Midstream & MLP Fund is a closed ended equity mutual fund launched and managed by Salient Capital Advisors, LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector, including transporting, storing, gathering, processing, distributing, marketing and/or delivering natural gas, natural gas liquids, crude oil or refined products or coal.
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