Salient Midstream & MLP Fund Stock Price, News & Analysis (NYSE:SMM)

$9.79 -0.02 (-0.20 %)
(As of 11/21/2017 08:40 AM ET)
Previous Close$9.81
Today's Range$9.66 - $9.83
52-Week Range$9.64 - $14.32
Volume124,100 shs
Average Volume78,152 shs
Market Capitalization$171.73 million
P/E RatioN/A
Dividend Yield9.95%
Beta1.57

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:
  • Industry: Closed End Funds
  • Sub-Industry: N/A
  • Sector: Closed End Funds
  • Symbol: NYSE:SMM
  • CUSIP: N/A
  • Web: www.salientpartners.com
Dividend:
  • Dividend Yield: 10.0%
Misc:
  • Outstanding Shares: 17,720,000
 

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 announced a quarterly dividend on Tuesday, November 7th. Investors of record on Friday, November 17th will be paid a dividend of $0.244 per share on Wednesday, November 29th. This represents a $0.98 dividend on an annualized basis and a yield of 9.97%. The ex-dividend date is Thursday, November 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 (Age 55)
  • Gregory A. Reid, President, Chief Executive Officer, Trustee (Age 50)
  • John E. Price CPA, Principal Financial Officer, Treasurer (Age 47)
  • Paul A. Bachtold, Chief Compliance Officer (Age 41)
  • Jeremy L. Radcliffe, Secretary (Age 40)
  • G. Edward Powell, Lead Independent Director (Age 78)
  • Karin B. Bonding CPA, Independent Trustee (Age 75)
  • Jonathan P. Carroll, Independent Trustee (Age 53)
  • Bernard A. Harris Jr., Independent Trustee (Age 60)
  • Richard C. Johnson, Independent Trustee (Age 77)

Who owns Salient Midstream & MLP Fund stock?

Salient Midstream & MLP Fund's stock is owned by many different of retail and institutional investors. Top institutional investors include Advisors Asset Management Inc. (4.26%), Sit Investment Associates Inc. (0.00%), Segall Bryant & Hamill LLC (1.71%), Stifel Financial Corp (1.69%), Advisory Alpha LLC (0.97%) and Oppenheimer & Co. Inc. (0.22%). 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 Advisors Asset Management Inc. and Segall Bryant & Hamill LLC. 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 Advisory Alpha LLC, Sit Investment Associates Inc., Stifel Financial Corp, Brown Advisory Inc., Citadel Advisors LLC, Private Advisor Group LLC 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 with access to the U.S. stock market 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 $9.79.

How big of a company is Salient Midstream & MLP Fund?

Salient Midstream & MLP Fund has a market capitalization of $171.73 million.

How can I contact Salient Midstream & MLP Fund?

Salient Midstream & MLP Fund's mailing address is 4265 San Felipe St Ste 800, HOUSTON, TX 77027-2929, United States. The investment management company can be reached via phone at +1-713-9934675.


MarketBeat Community Rating for Salient Midstream & MLP Fund (NYSE SMM)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  21 (Vote Outperform)
Underperform Votes:  23 (Vote Underperform)
Total Votes:  44
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

Analysts' Consensus Rating for Salient Midstream & MLP Fund (NYSE:SMM)

  (How are Consensus Ratings Calculated?)
Ratings Breakdown: 0 Sell Ratings, 0 Hold Ratings, 0 Buy Ratings, 0 Strong Buy RatingsNo ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Analysts' Consensus Price Target: N/A

Consensus Price Target History for Salient Midstream & MLP Fund (NYSE:SMM)

Price Target History for Salient Midstream & MLP Fund (NYSE:SMM)

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 11/21/2015 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)

Next Dividend:11/29/2017
Annual Dividend:$0.98
Dividend Yield:10.01%
Dividend Growth:-5.90% (3 Year Average)
Payout Ratio:
Frequency:Quarterly Dividend
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
11/7/2017quarterly$0.249.06%11/16/201711/17/201711/29/2017
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)
Insider Trades 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

Latest Headlines for Salient Midstream & MLP Fund (NYSE SMM)

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Financials

Chart

Salient Midstream & MLP Fund (NYSE SMM) Chart for Tuesday, November, 21, 2017
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This page was last updated on 11/21/2017 by MarketBeat.com Staff

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