Key Details
Last Dividend
$0.70Annual ROE
12.04%Beta
-Events Calendar
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Aug 14, 2024Next split:
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July 28, 2020Analyst ratings
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ClearBridge MLP and Midstream Total Return Fund is one of the few remaining closed-end funds focusing on midstream energy companies, but it will not last long. The fund has a strong performance history and has outperformed the market over the past five months on a total return basis. The fund has been preparing for an upcoming merger and recently bought out some of its investors.
The ClearBridge MLP and Midstream Total Return Fund aims to provide investors with high current income and total returns. The fund has a respectable 7.47% yield, higher than the S&P 500 Index but slightly lower than the Alerian MLP Index. The fund's recent performance has been impressive, outperforming both the S&P 500 Index and the Alerian MLP Index.
ClearBridge MLP and Midstream Total Return Fund is a closed-end fund that invests in energy sector infrastructure companies, including master limited partnerships. The fund manages tax issues on the fund level, making it suitable for inclusion in tax-advantaged accounts. The fund has a yield of 8.73% and has outperformed the Alerian MLP Index over the past three years.
Midstream companies are excellent assets for income investors due to their high yields and stable cash flows backed by long-term contracts. ClearBridge MLP and Midstream TR Fund Inc. is a closed-end fund that invests in a portfolio of these companies and provides a way to include midstream master limited partnerships in a retirement account. There are some reasons to expect energy prices to improve in the near future, which could have a beneficial effect on the fund's assets.
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