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

Posted by Patrick Bannon on Feb 21st, 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 yield of 8.59%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a positive change from ClearBridge Energy Midstream Opportunity Fund’s previous monthly dividend of $0.33.

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

ClearBridge Energy Midstream Opportunity Fund Trading Up 0.5 %

ClearBridge Energy Midstream Opportunity Fund stock opened at $50.31 on Friday. ClearBridge Energy Midstream Opportunity Fund has a fifty-two week low of $36.16 and a fifty-two week 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 Activity at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 2,209 shares of the business’s stock in a transaction 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 transaction, the insider now 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 SEC, which is available at 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.