Salient Midstream of Beneficial Interest

Symbol: SMM     Sector: Financial Services     Industry: Asset Management

Dividend Yield
7.72%
Current Price
$8.86
Info     Dividend Rate History     Financials     Rankings


Dividend Data

Dividend Yield:7.72%
Dividend per Share:$ 0.6840
Next Ex-Div Date:2019-05-15
Next Div Payout:$ 0.1710
Payment Schedule:Quarterly-
Payout Ratio (ttm)n.a.
Ø 3yr Growth Rate-15.59 %-2.35%
Ø 5yr Growth Rate-13.24 %-

Stock Data

Type:Common Stock
Exchange:New York Stock Exchange
Current Price (*):$ 8.86
Week 52 high:$ 10.90
Week 52 low:$ 6.80
Marketcap$ 152,590,286
Return on Equity11.84 %
P/E Ratio high0.00
P/E Ratio low0.00


General Info

About: The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities of Midstream Companies and MLPs. Midstream companies own or operate midstream assets used in transporting, storing, gathering, processing, distributing, marketing and/or delivering natural gas, natural gas liquids, crude oil or refined products or coal and MLPs are publicly traded limited partnerships or limited liability companies that are treated as partnerships for U.S. federal income tax purposes. The Fund intends to utilize an option strategy in an effort to enhance returns. The options strategy is intended to generate returns from options. The Fund currently expects to write covered call options on portfolio positions, in an amount up to 30% of the value of total assets in its portfolio (which represents 45% of net assets) in an effort to enhance returns.

Tags:  Asset Management    Financial Services    

Website: