Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Announces $0.23 Monthly Dividend

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) declared a monthly dividend on Wednesday, February 25th. Stockholders of record on Thursday, February 26th will be given a dividend of 0.225 per share on Tuesday, March 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Thursday, February 26th.

Westwood Salient Enhanced Midstream Income ETF Stock Performance

MDST stock traded down $0.06 during trading on Thursday, hitting $28.54. 8,904 shares of the company’s stock traded hands, compared to its average volume of 60,671. The stock has a market capitalization of $196.89 million, a price-to-earnings ratio of 19.79 and a beta of 0.52. Westwood Salient Enhanced Midstream Income ETF has a 52 week low of $23.24 and a 52 week high of $28.95. The business has a fifty day simple moving average of $27.06 and a 200 day simple moving average of $26.57.

Westwood Salient Enhanced Midstream Income ETF Company Profile

The Westwood Salient Enhanced Midstream Income ETF (MDST) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed fund that invests in midstream North American companies and US master limited partnerships (MLPs). In addition, the fund enhances income through covered call options. MDST was launched on Apr 9, 2024 and is issued by Westwood.