ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Announces $0.36 Monthly Dividend

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be given a dividend of 0.36 per share by the investment management company on Monday, June 2nd. This represents a $4.32 annualized dividend and a yield of 8.78%. The ex-dividend date of this dividend is Thursday, May 22nd.

ClearBridge Energy Midstream Opportunity Fund has raised its dividend payment by an average of 35.7% per year over the last three years.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

EMO opened at $49.19 on Friday. ClearBridge Energy Midstream Opportunity Fund has a 12 month low of $36.70 and a 12 month high of $51.87. The business has a 50-day moving average of $48.29 and a two-hundred day moving average of $45.19.

Insider Activity

In other news, insider Franklin Resources Inc sold 2,209 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $46.04, for a total value of $101,702.36. Following the transaction, the insider now directly owns 28,000 shares of the company’s stock, valued at $1,289,120. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

ClearBridge Energy Midstream Opportunity Fund Company Profile

ClearBridge Energy MLP Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by ClearBridge Investments, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector.