ClearBridge MLP and Midstream Total Return Fund Inc. Declares Quarterly Dividend of $0.70 (NYSE:CTR)

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) announced a quarterly dividend on Thursday, November 9th, Zacks reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.70 per share by the investment management company on Thursday, November 30th. This represents a $2.80 annualized dividend and a dividend yield of 8.36%. The ex-dividend date is Tuesday, November 21st.

ClearBridge MLP and Midstream Total Return Fund has decreased its dividend payment by an average of 22.9% per year over the last three years and has raised its dividend every year for the last 3 years.

ClearBridge MLP and Midstream Total Return Fund Stock Performance

NYSE:CTR opened at $33.48 on Monday. The stock’s fifty day moving average is $31.78 and its 200 day moving average is $31.42. ClearBridge MLP and Midstream Total Return Fund has a fifty-two week low of $26.00 and a fifty-two week high of $34.50.

Insider Activity at ClearBridge MLP and Midstream Total Return Fund

In other ClearBridge MLP and Midstream Total Return Fund news, major shareholder Saba Capital Management, L.P. acquired 10,815 shares of the business’s stock in a transaction on Friday, September 8th. The shares were bought at an average price of $31.83 per share, with a total value of $344,241.45. Following the transaction, the insider now directly owns 985,542 shares of the company’s stock, valued at approximately $31,369,801.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have bought 62,211 shares of company stock worth $1,998,636.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in CTR. UBS Group AG lifted its stake in ClearBridge MLP and Midstream Total Return Fund by 16.7% in the third quarter. UBS Group AG now owns 19,966 shares of the investment management company’s stock worth $640,000 after acquiring an additional 2,862 shares during the period. Wells Fargo & Company MN boosted its stake in shares of ClearBridge MLP and Midstream Total Return Fund by 2.9% during the second quarter. Wells Fargo & Company MN now owns 38,306 shares of the investment management company’s stock valued at $1,215,000 after purchasing an additional 1,072 shares in the last quarter. Woodline Partners LP increased its holdings 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 valued at $4,322,000 after buying an additional 34,334 shares during the period. Stephens Inc. AR boosted its position in ClearBridge MLP and Midstream Total Return Fund by 2.5% during the 2nd quarter. Stephens Inc. AR now owns 12,940 shares of the investment management company’s stock valued at $411,000 after acquiring an additional 312 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of ClearBridge MLP and Midstream Total Return Fund by 60.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,804 shares of the investment management company’s stock worth $152,000 after acquiring an additional 1,802 shares in the last quarter.

ClearBridge MLP and Midstream Total Return Fund Company Profile

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.