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

Posted by Joseph Casey on Feb 20th, 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 paid a dividend of 0.36 per share by the investment management company on Monday, June 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 8.59%. The ex-dividend date is Thursday, May 22nd. This is a boost from ClearBridge Energy Midstream Opportunity Fund’s previous monthly dividend of $0.33.

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

ClearBridge Energy Midstream Opportunity Fund Stock Performance

Shares of EMO stock traded up $0.25 during trading hours on Thursday, reaching $50.31. 35,668 shares of the company’s stock were exchanged, compared to its average volume of 44,323. The company’s 50 day moving average is $48.19 and its two-hundred day moving average is $45.07. ClearBridge Energy Midstream Opportunity Fund has a 1 year low of $36.16 and a 1 year high of $51.87.

Insiders Place Their Bets

In other 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 transaction of $101,702.36. Following the completion of the sale, the insider now directly owns 28,000 shares in the company, valued at approximately $1,289,120. This trade 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.

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.