ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) to Issue Dividend of $0.33

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) announced a dividend on Wednesday, January 22nd,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.33 per share by the investment management company on Monday, February 3rd. This represents a dividend yield of 7.75%. The ex-dividend date of this dividend is Friday, January 24th.

ClearBridge Energy Midstream Opportunity Fund has raised its dividend payment by an average of 31.5% annually over the last three years.

ClearBridge Energy Midstream Opportunity Fund Price Performance

EMO traded up $0.02 during trading on Wednesday, reaching $51.18. 45,339 shares of the stock were exchanged, compared to its average volume of 55,295. The stock’s 50 day moving average price is $47.71 and its two-hundred day moving average price is $43.76. ClearBridge Energy Midstream Opportunity Fund has a twelve month low of $34.39 and a twelve month high of $51.87.

Insider Activity

In related news, insider Franklin Resources Inc sold 2,209 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $46.04, for a total value of $101,702.36. Following the sale, the insider now owns 28,000 shares in the company, valued at approximately $1,289,120. This represents a 7.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.