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ClearBridge Energy Midstream Opportunity Fund is upgraded to Buy, supported by a rising NAV, increased distribution, and a -9.2% discount to NAV. EMO's 7.9% yield, monthly distributions, and robust free cash flow from fee-based midstream holdings underpin reliable income and potential capital appreciation. Recent share buybacks and top holding outperformance, including Targa Resources and Energy Transfer, reinforce EMO's distribution growth outlook.
This is one pricey market, and if you're hesitant to put new money to work, I am sympathetic. After all, we're here for the dividends.
NEW YORK--(BUSINESS WIRE)--Category: Financials.
ClearBridge Energy Midstream Opportunity Fund maintains a hold rating due to its high yield but concentrated risk profile and lack of downside protection. EMO offers an 8.6% dividend yield, paid monthly, with distributions currently well-supported by earnings and classified as return of capital for tax efficiency. The fund trades at an 11.86% discount to NAV, but its success hinges on a handful of midstream energy holdings and favorable sector momentum.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) announced today the unaudited statement of assets and liabilities, the net asset value and asset
NEW YORK--(BUSINESS WIRE)--Category: Financials.
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
NEW YORK--(BUSINESS WIRE)--Category: Financials.