Fiduciary/Claymore MLP Opportunity Fund (NYSE:FMO) declared a quarterly dividend on Wednesday, August 2nd, Wall Street Journal reports. Investors of record on Tuesday, August 15th will be given a dividend of 0.4308 per share by the investment management company on Thursday, August 31st. This represents a $1.72 annualized dividend and a yield of 13.60%. The ex-dividend date of this dividend is Friday, August 11th.
Fiduciary/Claymore MLP Opportunity Fund has raised its dividend payment by an average of 2.0% annually over the last three years.
Shares of Fiduciary/Claymore MLP Opportunity Fund (NYSE:FMO) traded down 1.01% during midday trading on Friday, reaching $12.67. 308,378 shares of the company were exchanged. The company has a 50 day moving average price of $13.96 and a 200-day moving average price of $15.00. Fiduciary/Claymore MLP Opportunity Fund has a 12-month low of $12.52 and a 12-month high of $17.63.
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About Fiduciary/Claymore MLP Opportunity Fund
Fiduciary/Claymore MLP Opportunity Fund (the Fund) is a non-diversified and closed-end management investment company. The Fund’s investment objective is to provide a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund seeks to provide an efficient vehicle through, which its shareholders may invest in a portfolio of publicly traded securities of master limited partnerships (MLPs) and MLP affiliates.
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