ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) Dividend Payout Ratio : 0.18 (As of Nov. 2023)

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What is ClearBridge MLP & Midstream Fund Dividend Payout Ratio?

ClearBridge MLP & Midstream Fund's dividend payout ratio for the months ended in Nov. 2023 was 0.18.

The historical rank and industry rank for ClearBridge MLP & Midstream Fund's Dividend Payout Ratio or its related term are showing as below:

CEM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.17 Max: 0.61
Current: 0.61

During the past 5 years, the highest Dividend Payout Ratio of ClearBridge MLP & Midstream Fund was 0.61. The lowest was 0.15. And the median was 0.17.

CEM's Dividend Payout Ratio is ranked better than
63.12% of 949 companies
in the Asset Management industry
Industry Median: 0.81 vs CEM: 0.61

As of today (2024-05-12), the Dividend Yield % of ClearBridge MLP & Midstream Fund is 6.24%.

During the past 5 years, the highest Trailing Annual Dividend Yield of ClearBridge MLP & Midstream Fund was 72.39%. The lowest was 5.18%. And the median was 7.25%.

ClearBridge MLP & Midstream Fund's Dividends per Share for the months ended in Nov. 2023 was $1.54.

During the past 12 months, ClearBridge MLP & Midstream Fund's average Dividends Per Share Growth Rate was 21.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -1.00% per year.

During the past 5 years, the highest 3-Year average Dividends Per Share Growth Rate of ClearBridge MLP & Midstream Fund was -1.00% per year. The lowest was -26.70% per year. And the median was -13.85% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

ClearBridge MLP & Midstream Fund Dividend Payout Ratio Historical Data

The historical data trend for ClearBridge MLP & Midstream Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ClearBridge MLP & Midstream Fund Dividend Payout Ratio Chart

ClearBridge MLP & Midstream Fund Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Dividend Payout Ratio

0.15

0.17

0.61

ClearBridge MLP & Midstream Fund Semi-Annual Data
	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Dividend Payout Ratio	Get a 7-Day Free Trial				3.00	0.08	1.97	-	0.18

Competitive Comparison of ClearBridge MLP & Midstream Fund's Dividend Payout Ratio

For the Asset Management subindustry, ClearBridge MLP & Midstream Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ClearBridge MLP & Midstream Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, ClearBridge MLP & Midstream Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where ClearBridge MLP & Midstream Fund's Dividend Payout Ratio falls into.

ClearBridge MLP & Midstream Fund Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

ClearBridge MLP & Midstream Fund's Dividend Payout Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2023 )	/	EPS without NRI (A: Nov. 2023 )
	=	2.81	/	4.6
	=	0.61

ClearBridge MLP & Midstream Fund's Dividend Payout Ratio for the quarter that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Nov. 2023 )	/	EPS without NRI (Q: Nov. 2023 )
	=	1.54	/	8.56
	=	0.18

ClearBridge MLP & Midstream Fund (NYSE:CEM) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

ClearBridge MLP & Midstream Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of ClearBridge MLP & Midstream Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ClearBridge MLP & Midstream Fund Inc. (NYSE:CEM) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.franklintempleton.com

ClearBridge MLP & Midstream Fund Inc. 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 cash distributions. The Fund seeks to achieve its objective by investing primarily in energy master limited partnerships (MLPs) and energy midstream entities.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Jasna Dolgov	other: General Counsel/Subadviser	CLEARBRIDGE INVESTMENTS, 620 EIGHTH AVENUE, NEW YORK NY 10018
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Mutual Of Omaha Insurance Co	10 percent owner	3300 MUTUAL OF OMAHA PLAZA, OMAHA NE 68175
United Of Omaha Life Insurance Co	10 percent owner	MUTUAL OF OMAHA PLZ 3RD FLOOR LAW, ATTN: JAN BROCKMAN, OMAHA NE 68175-1008
Daniel P Cronin	director	235 EAST 42ND ST, NEW YORK NY 10017
William R Hutchinson	director	535 N MICHIGAN STE 1012, CHICAGO IL 60611
Chris Eades	other: Portfolio Manager	620 EIGHTH AVENUE, 48TH FLOOR, NEW YORK NY 10018
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Gwen L Shaneyfelt	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906