ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) to Issue Quarterly Dividend of $0.70 on August 31st

Posted by on Aug 21st, 2023

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR – Get Free Report) declared a quarterly dividend on Monday, July 31st, Zacks reports. Investors of record on Thursday, August 24th will be paid a dividend of 0.70 per share by the investment management company on Thursday, August 31st. This represents a $2.80 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend is Wednesday, August 23rd. This is a boost from ClearBridge MLP and Midstream Total Return Fund’s previous quarterly dividend of $0.56.

ClearBridge MLP and Midstream Total Return Fund Trading Up 0.9 %

Shares of NYSE CTR opened at $33.12 on Monday. The company has a 50-day simple moving average of $32.13 and a 200-day simple moving average of $30.32. ClearBridge MLP and Midstream Total Return Fund has a 12 month low of $24.38 and a 12 month high of $34.50.

Insiders Place Their Bets

In other ClearBridge MLP and Midstream Total Return Fund news, major shareholder Saba Capital Management, L.P. purchased 14,329 shares of ClearBridge MLP and Midstream Total Return Fund stock in a transaction on Friday, July 28th. The shares were bought at an average price of $33.19 per share, with a total value of $475,579.51. Following the purchase, the insider now directly owns 974,727 shares in the company, valued at approximately $32,351,189.13. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders bought 212,213 shares of company stock valued at $6,484,147.

Hedge Funds Weigh In On ClearBridge MLP and Midstream Total Return Fund

Several large investors have recently added to or reduced their stakes in CTR. Advisors Asset Management Inc. grew its holdings in ClearBridge MLP and Midstream Total Return Fund by 2.9% in the 1st quarter. Advisors Asset Management Inc. now owns 194,404 shares of the investment management company’s stock valued at $5,675,000 after buying an additional 5,520 shares during the period. Woodline Partners LP raised its stake in ClearBridge MLP and Midstream Total Return Fund by 33.7% during the second quarter. Woodline Partners LP now owns 136,197 shares of the investment management company’s stock worth $4,322,000 after purchasing an additional 34,334 shares during the period. Saba Capital Management L.P. acquired a new position in shares of ClearBridge MLP and Midstream Total Return Fund in the 1st quarter valued at $2,159,000. Sessa Capital IM L.P. purchased a new stake in shares of ClearBridge MLP and Midstream Total Return Fund during the 1st quarter valued at $2,043,000. Finally, Guggenheim Capital LLC increased its holdings in shares of ClearBridge MLP and Midstream Total Return Fund by 2.1% during the 1st quarter. Guggenheim Capital LLC now owns 51,722 shares of the investment management company’s stock worth $1,509,000 after buying an additional 1,087 shares during the last quarter.

ClearBridge MLP and Midstream Total Return Fund Company Profile

(Get Free Report)

ClearBridge MLP and Midstream Total Return Fund Inc is an open ended equity mutual fund of funds launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector.

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Dividend History for ClearBridge MLP and Midstream Total Return Fund (NYSE:CTR)

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