ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) to Issue Monthly Dividend of $0.36

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) declared a monthly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders 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 dividend yield of 8.78%. The ex-dividend date of this dividend is Thursday, May 22nd.

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

ClearBridge Energy Midstream Opportunity Fund Trading Down 2.6 %

ClearBridge Energy Midstream Opportunity Fund stock opened at $49.19 on Friday. The stock has a 50-day moving average price of $48.29 and a 200 day moving average price of $45.19. ClearBridge Energy Midstream Opportunity Fund has a 52 week low of $36.70 and a 52 week high of $51.87.

Insider Buying and Selling

In related news, insider Franklin Resources Inc sold 2,610 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $47.43, for a total transaction of $123,792.30. Following the completion of the sale, the insider now owns 32,909 shares in the company, valued at approximately $1,560,873.87. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.