ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Increases Dividend to $0.36 Per Share

Posted by Donald Scott on Feb 22nd, 2025

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO – Get Free Report) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors 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 8.78%. The ex-dividend date is Thursday, May 22nd. This is an increase from ClearBridge Energy Midstream Opportunity Fund’s previous monthly dividend of $0.33.

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 stock opened at $49.19 on Friday. The firm has a 50 day simple moving average of $48.29 and a 200 day simple moving average of $45.19. ClearBridge Energy Midstream Opportunity Fund has a 52 week low of $36.70 and a 52 week high of $51.87.

Insider Buying and Selling at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 2,209 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $46.04, for a total value of $101,702.36. Following the completion of the sale, the insider now directly owns 28,000 shares in the company, valued at $1,289,120. The trade was a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

ClearBridge Energy Midstream Opportunity Fund Company Profile

(Get Free Report)

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.