Salient Midstream & MLP Fund About To Put More Money In Your Pocket (SMM)

Looking at the universe of stocks we cover at Dividend Channel, on 8/15/14, Salient Midstream & MLP Fund ( SMM) will trade ex-dividend, for its quarterly dividend of $0.357, payable on 8/29/14. As a percentage of SMM's recent stock price of $28.93, this dividend works out to approximately 1.23%, so look for shares of Salient Midstream & MLP Fund to trade 1.23% lower — all else being equal — when SMM shares open for trading on 8/15/14.

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Below is a dividend history chart for SMM, showing historical dividends prior to the most recent $0.357 declared by Salient Midstream & MLP Fund:

SMM+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SMM is likely to continue, and whether the current estimated yield of 4.94% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SMM shares, versus its 200 day moving average:

Salient Midstream & MLP Fund 200 Day Moving Average Chart

Looking at the chart above, SMM's low point in its 52 week range is $21.28 per share, with $30.35 as the 52 week high point — that compares with a last trade of $28.87.

According to the ETF Finder at ETF Channel, SMM makes up 4.82% of the Guggenheim Shipping ETF ( SEA) which is trading higher by about 1% on the day Wednesday.

In Wednesday trading, Salient Midstream & MLP Fund shares are currently up about 0.4% on the day.

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