CEM News and Press, ClearBridge MLP and Midstream Fund Inc. From 03/16/22

For the second consecutive quarter, there were no dividend cuts across Alerian’s midstream indexes for 4Q21. Multiple names that cut payouts in the past are growing or expect to grow their dividends by significant percentages off a lowered base. Comparing dividends on a yea...

Brent crude oil prices hit a 13-year high of $130 per barrel as the US and its allies consider a ban on Russian oil and natural gas, intending to isolate Russia from the global economy amid the ongoing Russia-Ukraine war. OPEC+ decided to stick to its plan of raising oil output by 400...

ClearBridge MLP and Midstream Fund (NYSE:CEM) declares $0.60/share quarterly dividend, 22.4% increase from prior dividend of $0.49. Forward yield 7.37% Payable May 31; for shareholders of record May 23; ex-div May 20. See CEM Dividend Scorecard, Yield Chart, & Dividend Growth. For furth...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the month of May 2022. The following dates apply to the distribution schedule below: “We believe midstream industry fundamentals continue to improve...

Triple-digit oil prices and inflation concerns have supported strong performance and a greater weighting to energy in broad market indexes, making energy relevant again for generalist investors. The significant rise in oil prices and the potential need to replace Russian barrels on th...

ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of February 28, 2022. As of February 28, 2022, the Fund’s net assets were $519.3 million, and its...

We've become energy uber-bulls, toward the end of Q3/2020, and we haven't pulled our leg off the energy/fuel pedal ever since. Being an "Energy Bull" during one of the strongest energy cycles ever surely gives one's portfolio wings. This, however, also creates some rich peop...

The consolidation of MLPs by their parents or significant owners has been a multi-year trend, but activity has picked up with a number of transactions currently pending. M&A activity among industry peers has generally been more muted relative to MLP consolidations by sponsors, but...

Midstream/MLPs are well-positioned for the current inflationary environment, thanks to real asset and energy exposure. Additionally, midstream boasts contracts that are often indexed to inflation, and companies have historically been able to pass higher costs onto customers. For i...

The February MLP Monthly Report can be found here offering insights on MLP industry news, the asset class’s performance, yields, valuations, and fundamental drivers. Brent crude oil prices touched a seven-year high of $90 as tight supplies and escalating tensions between Russia...