ClearBridge Energy Midstream Opportunity Fund Inc Plans Dividend of $0.33 (NYSE:EMO)

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) declared a dividend on Wednesday, January 22nd,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.33 per share by the investment management company on Monday, February 3rd. This represents a dividend yield of 7.75%. The ex-dividend date of this dividend is Friday, January 24th.

ClearBridge Energy Midstream Opportunity Fund has raised its dividend payment by an average of 31.5% per year over the last three years.

ClearBridge Energy Midstream Opportunity Fund Price Performance

NYSE EMO traded up $0.02 during mid-day trading on Wednesday, reaching $51.18. 45,339 shares of the stock were exchanged, compared to its average volume of 55,295. ClearBridge Energy Midstream Opportunity Fund has a one year low of $34.39 and a one year high of $51.87. The stock has a 50 day simple moving average of $47.71 and a 200-day simple moving average of $43.76.

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 dated 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 directly owns 28,000 shares in the company, valued at $1,289,120. This trade represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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.