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ClearBridge MLP & Midstream Fund's yield on cost for the quarter that ended in May. 2024 was 5.93.
The historical rank and industry rank for ClearBridge MLP & Midstream Fund's 5-Year Yield-on-Cost % or its related term are showing as below:
During the past 5 years, ClearBridge MLP & Midstream Fund's highest Yield on Cost was 72.39. The lowest was 5.18. And the median was 7.05.
For the Asset Management subindustry, ClearBridge MLP & Midstream Fund's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.
For the Asset Management industry and Financial Services sector, ClearBridge MLP & Midstream Fund's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where ClearBridge MLP & Midstream Fund's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of ClearBridge MLP & Midstream Fund is calculated as
Yield-on-Cost | = | Dividend Yield % | * | (1 | + | Dividend Growth Rate)^5 |
ClearBridge MLP & Midstream Fund (NYSE:CEM) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Thank you for viewing the detailed overview of ClearBridge MLP & Midstream Fund's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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