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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders 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 dividend yield of 8.59%. The ex-dividend date is Thursday, May 22nd.

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

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of EMO stock opened at $50.31 on Friday. ClearBridge Energy Midstream Opportunity Fund has a 12-month low of $36.16 and a 12-month high of $51.87. The firm has a 50-day moving average price of $48.25 and a 200 day moving average price of $45.11.

Insider Transactions at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 2,610 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $47.43, for a total value of $123,792.30. Following the transaction, the insider now owns 32,909 shares of the company’s stock, valued at approximately $1,560,873.87. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About ClearBridge Energy Midstream Opportunity Fund

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.