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ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) 5-Year Yield-on-Cost %

: 6.49 (As of Today)
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ClearBridge MLP & Midstream Fund's yield on cost for the quarter that ended in Nov. 2023 was 6.49.


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:

CEM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.18   Med: 7.26   Max: 72.39
Current: 6.49


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 7.26.


CEM's 5-Year Yield-on-Cost % is ranked better than
53.87% of 1216 companies
in the Asset Management industry
Industry Median: 6.05 vs CEM: 6.49

Competitive Comparison

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.


ClearBridge MLP & Midstream Fund 5-Year Yield-on-Cost % Distribution

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.



ClearBridge MLP & Midstream Fund 5-Year Yield-on-Cost % Calculation

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.


ClearBridge MLP & Midstream Fund 5-Year Yield-on-Cost % Related Terms

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.


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

Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
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