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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders 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 8.59%. The ex-dividend date of this dividend 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% per year over the last three years.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

NYSE:EMO opened at $50.31 on Friday. The company has a fifty day simple moving average of $48.25 and a two-hundred day simple moving average of $45.11. ClearBridge Energy Midstream Opportunity Fund has a 52 week low of $36.16 and a 52 week high of $51.87.

Insider Buying and Selling

In related 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 transaction of $101,702.36. Following the completion of the transaction, the insider now owns 28,000 shares in the company, valued at approximately $1,289,120. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.