Salient Midstream & MLP Fund Company Profile (NYSE:SMM)

About Salient Midstream & MLP Fund (NYSE:SMM)

Salient Midstream & MLP Fund logoSalient Midstream & MLP Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to its common shareholders. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities of midstream companies and master limited partnerships (MLPs). The Fund may invest up to but not more than 25% of its total assets in equity or debt securities of MLPs. The Fund may invest up to 30% of its total assets in unregistered or otherwise restricted securities of, which up to 10% may be in securities of privately held companies. The Fund may invest in derivatives in order to meet its investment objectives. Salient Capital Advisors, LLC is the Fund's investment advisor.

Industry, Sector and Symbol:
  • Sector: Financials
  • Industry: Closed End Funds
  • Sub-Industry: N/A
  • Symbol: NYSE:SMM
  • CUSIP: N/A
  • Web: www.salientpartners.com/
Average Prices:
  • 50 Day Moving Avg: $11.12
  • 200 Day Moving Avg: $12.12
  • 52 Week Range: $10.37 - $14.32
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: 0.00
Misc:
  • Average Volume: 82,167 shs.
 

Frequently Asked Questions for Salient Midstream & MLP Fund (NYSE:SMM)

What is Salient Midstream & MLP Fund's stock symbol?

Salient Midstream & MLP Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMM."

How often does Salient Midstream & MLP Fund pay dividends? What is the dividend yield for Salient Midstream & MLP Fund?

Salient Midstream & MLP Fund declared a quarterly dividend on Tuesday, August 8th. Investors of record on Friday, August 18th will be paid a dividend of $0.244 per share on Thursday, August 31st. This represents a $0.98 annualized dividend and a yield of 8.59%. The ex-dividend date of this dividend is Wednesday, August 16th. View Salient Midstream & MLP Fund's Dividend History.

Who are some of Salient Midstream & MLP Fund's key competitors?

Who are Salient Midstream & MLP Fund's key executives?

Salient Midstream & MLP Fund's management team includes the folowing people:

  • John A. Blaisdell, Chairman of the Board of Trustee
  • Gregory A. Reid, President, Chief Executive Officer, Trustee
  • John E. Price CPA, Principal Financial Officer, Treasurer
  • Paul A. Bachtold, Chief Compliance Officer
  • Jeremy L. Radcliffe, Secretary
  • G. Edward Powell, Lead Independent Director
  • Karin B. Bonding CPA, Independent Trustee
  • Jonathan P. Carroll, Independent Trustee
  • Bernard A. Harris Jr., Independent Trustee
  • Richard C. Johnson, Independent Trustee

Who owns Salient Midstream & MLP Fund stock?

Salient Midstream & MLP Fund's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Advisors Asset Management Inc. (4.97%), Stifel Financial Corp (0.00%), Wells Fargo & Company MN (0.00%), Royal Bank of Canada (0.00%), Dorsey & Whitney Trust CO LLC (0.00%) and Oppenheimer & Co. Inc. (0.00%). View Institutional Ownership Trends for Salient Midstream & MLP Fund.

Who sold Salient Midstream & MLP Fund stock? Who is selling Salient Midstream & MLP Fund stock?

Salient Midstream & MLP Fund's stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada. View Insider Buying and Selling for Salient Midstream & MLP Fund.

Who bought Salient Midstream & MLP Fund stock? Who is buying Salient Midstream & MLP Fund stock?

Salient Midstream & MLP Fund's stock was purchased by a variety of institutional investors in the last quarter, including Stifel Financial Corp, Advisors Asset Management Inc., Wells Fargo & Company MN and Oppenheimer & Co. Inc.. View Insider Buying and Selling for Salient Midstream & MLP Fund.

How do I buy Salient Midstream & MLP Fund stock?

Shares of Salient Midstream & MLP Fund can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Salient Midstream & MLP Fund's stock price today?

One share of Salient Midstream & MLP Fund stock can currently be purchased for approximately $11.36.


MarketBeat Community Rating for Salient Midstream & MLP Fund (NYSE SMM)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  15 (Vote Outperform)
Underperform Votes:  17 (Vote Underperform)
Total Votes:  32
MarketBeat's community ratings are surveys of what our community members think about Salient Midstream & MLP Fund and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Salient Midstream & MLP Fund (NYSE:SMM) (How are Consensus Ratings Calculated?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A

Analysts' Ratings History for Salient Midstream & MLP Fund (NYSE:SMM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
2/17/2016Bank of America CorporationDowngradeNeutral -> UnderperformN/AView Rating Details
(Data available from 9/20/2015 forward)

Earnings

Earnings History for Salient Midstream & MLP Fund (NYSE:SMM)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for Salient Midstream & MLP Fund (NYSE:SMM)

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for Salient Midstream & MLP Fund (NYSE:SMM)
Most Recent Dividend:8/31/2017
Annual Dividend:$0.98
Dividend Yield:8.63%
Dividend Growth:-5.90% (3 Year Average)
Payout Ratio:
Dividend Payments by Quarter for Salient Midstream & MLP Fund (NYSE:SMM)

Dividend History by Quarter for Salient Midstream & MLP Fund (NYSE SMM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/8/2017quarterly$0.248.71%8/16/20178/18/20178/31/2017
5/5/2017quarterly$0.247.54%5/17/20175/19/20175/31/2017
2/8/2017quarterly$0.247.04%2/15/20172/17/20172/28/2017
5/7/2015quarterly$0.376.61%5/19/20155/21/20155/29/2015
2/9/2015quarterly$0.376.63%2/17/20152/19/20152/27/2015
1/20/2015special$0.206.56%1/22/20151/26/20151/28/2015
8/5/2014quarterly$0.365.13%8/15/20148/19/20148/29/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Salient Midstream & MLP Fund (NYSE:SMM)
Insider Trades by Quarter for Salient Midstream & MLP Fund (NYSE:SMM)
Institutional Ownership by Quarter for Salient Midstream & MLP Fund (NYSE:SMM)
Insider Trades by Quarter for Salient Midstream & MLP Fund (NYSE:SMM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/15/2014Gregory Allen ReidCEOSell7,744$26.30$203,667.20View SEC Filing  
5/14/2014Gregory Allen ReidCEOSell9,414$26.22$246,835.08View SEC Filing  
5/13/2014Gregory Allen ReidCEOSell2,842$26.14$74,289.88View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Salient Midstream & MLP Fund (NYSE:SMM)
Latest Headlines for Salient Midstream & MLP Fund (NYSE:SMM)
Source:
DateHeadline
americanbankingnews.com logoSalient Midstream & MLP Fund (NYSE:SMM) to Issue $0.24 Quarterly Dividend
www.americanbankingnews.com - August 8 at 5:46 PM
finance.yahoo.com logoSalient Midstream & MLP Fund Announces Third Quarter 2017 Dividend Of $0.244 Per Share And Net Asset Value As Of July 31, 2017
finance.yahoo.com - August 8 at 6:59 AM
reuters.com logoBRIEF-Salient Midstream & MLP Fund announces tax and investment update
www.reuters.com - May 17 at 7:50 PM
finance.yahoo.com logoSalient Midstream & MLP Fund Announces Tax And Investment Update
finance.yahoo.com - May 17 at 7:50 PM
americanbankingnews.com logoSalient Midstream & MLP Fund (SMM) Declares $0.24 Quarterly Dividend
www.americanbankingnews.com - May 5 at 7:32 PM
finance.yahoo.com logoSalient Midstream & MLP Fund Announces Second Quarter 2017 Dividend Of $0.244 Per Share And Net Asset Value As Of April 28, 2017
finance.yahoo.com - May 4 at 8:13 PM
finance.yahoo.com logoSalient Midstream & MLP Fund To Host Annual Shareholders Meeting On June 9, 2017
finance.yahoo.com - April 28 at 4:05 PM
americanbankingnews.com logoSalient Midstream & MLP Fund (SMM) Earning Somewhat Favorable News Coverage, Analysis Finds
www.americanbankingnews.com - April 14 at 9:53 PM
finance.yahoo.com logoSalient Midstream & MLP Fund Announces First Quarter 2017 Dividend Of $0.244 Per Share And Net Asset Value As Of January 31, 2017
finance.yahoo.com - February 8 at 6:09 AM
finance.yahoo.com logoSalient Midstream & MLP Fund Announces Fourth Quarter 2016 Dividend Of $0.244 Per Share And Net Asset …
finance.yahoo.com - November 8 at 11:24 AM
seekingalpha.com logoSalient Midstream&MLP Fund declares $0.244 dividend
seekingalpha.com - November 8 at 11:24 AM
finance.yahoo.com logoSalient Midstream & MLP Fund Announces Fourth Quarter 2016 Dividend Of $0.244 Per Share And Net Asset Value As Of October 31, 2016
finance.yahoo.com - November 7 at 8:24 PM
finance.yahoo.com logoSalient Midstream & MLP Fund Announces Third Quarter 2016 Dividend Of $0.244 Per Share And Net Asset Value As Of July 29, 2016
finance.yahoo.com - August 8 at 12:15 PM
bloomberg.com logoSembcorp Joins Keppel in Reporting Profit Slump Amid Weak Demand
www.bloomberg.com - July 28 at 5:45 AM
finance.yahoo.com logoSalient Midstream & MLP Fund To Host Annual Shareholders Meeting On June 10, 2016
finance.yahoo.com - April 27 at 4:01 PM
finance.yahoo.com logoSalient Midstream & MLP Fund downgraded by BofA/Merrill
finance.yahoo.com - February 17 at 9:52 AM
finance.yahoo.com logoSalient Midstream & MLP Fund Announces First Quarter 2016 Dividend Of $0.325 Per Share And Net Asset Value As Of January 29, 2016
finance.yahoo.com - February 3 at 5:54 PM
finance.yahoo.com logoSalient Midstream & MLP Fund Announces Net Asset Value as of January 31, 2015 and Announces First Quarter 2015 Dividend of $0.366 per Share
finance.yahoo.com - February 6 at 8:00 AM

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Chart

Salient Midstream & MLP Fund (SMM) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff