ClearBridge MLP and Midstream Fund Inc (NYSE:CEM – Get Rating) major shareholder Prudential Financial Inc purchased 285,715 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were bought at an average cost of $35.00 per share, with a total value of $10,000,025.00. Following the transaction, the insider now directly owns 285,715 shares of the company’s stock, valued at approximately $10,000,025. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
ClearBridge MLP and Midstream Fund Price Performance
ClearBridge MLP and Midstream Fund stock opened at $34.49 on Tuesday. The stock has a fifty day moving average of $33.17 and a two-hundred day moving average of $32.84. ClearBridge MLP and Midstream Fund Inc has a fifty-two week low of $24.65 and a fifty-two week high of $37.99.
ClearBridge MLP and Midstream Fund Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 22nd will be issued a dividend of $0.62 per share. This is a boost from ClearBridge MLP and Midstream Fund’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, November 21st. This represents a $2.48 annualized dividend and a dividend yield of 7.19%.
Institutional Investors Weigh In On ClearBridge MLP and Midstream Fund
About ClearBridge MLP and Midstream Fund
ClearBridge Energy MLP Fund Inc is a closed-ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector.
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