ClearBridge Energy Midstream Fund Declares $0.36 Monthly Dividend

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE: EMO) has announced a monthly dividend of $0.36 per share, effective for investors of record on February 20, 2024. The dividend will be paid out on February 27, 2024, reflecting an annualized dividend yield of 9.8%.

The ex-dividend date is set for February 20, 2024. This decision underscores the company’s commitment to providing returns to its shareholders amidst fluctuating market conditions.

Trading for ClearBridge Energy Midstream Opportunity Fund saw a slight decline of 0.8%, with shares falling by $0.38 to reach $43.97 during midday trading on February 20. A total of 73,750 shares changed hands, surpassing the average trading volume of 61,314 shares.

The company currently holds a fifty-day simple moving average of $43.80 and a two-hundred-day simple moving average of $45.85. Over the past year, the fund has experienced a 52-week low of $39.65 and a 52-week high of $51.87.

Investors and analysts closely monitor ClearBridge Energy Midstream Opportunity Fund due to its focus on the energy sector, particularly midstream operations, which include the transportation and storage of energy resources. The fund aims to achieve long-term capital appreciation while providing a steady income stream through its dividends.

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