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Last Dividend
$0.77Annual ROE
10.29%Beta
-Events Calendar
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Aug 14, 2024Next split:
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July 28, 2020Analyst ratings
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NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
ClearBridge MLP and Midstream Fund Inc. offers exposure to energy infrastructure companies without K-1 forms, suitable for tax-advantaged accounts. The fund has a lower yield than its peers but has shown strong performance, outperforming the S&P 500 Index over one and three years. The fund employs leverage below the industry average, covers distributions with excess investment profits, and trades at a 4.30% discount to net asset value.
A small closed-end fund you likely have never heard of is beating the popular SPDR S&P 500 (SPY), Schwab US Dividend Equity (SCHD), and Invesco QQQ (QQQ) this year. It is doing this while investing in some of the most boring assets in the United States and trading at a 3.
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