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. The fund primarily invests in equity securities of MLPs with operations in crude oil, natural gas liquids, and refined products infrastructure. It seeks to invest in companies with long-lived assets, predictable cash flows, and relatively low direct commodity exposure to create its portfolio. ClearBridge Energy MLP Opportunity Fund Inc. was formed on April 5, 2011 and is domiciled in the United States.
ClearBridge Energy Midstream Opportunity Fund Stock Down 3.5 %
Shares of NYSE:EMO traded down $1.03 during mid-day trading on Monday, reaching $28.32. 1,913 shares of the stock were exchanged, compared to its average volume of 57,190. The stock's 50 day simple moving average is $25.93 and its 200-day simple moving average is $26.81. ClearBridge Energy Midstream Opportunity Fund has a one year low of $19.61 and a one year high of $31.60.
ClearBridge Energy Midstream Opportunity Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.20%. This is a boost from ClearBridge Energy Midstream Opportunity Fund's previous quarterly dividend of $0.50.