EMO News and Press, ClearBridge Energy Midstream Opportunity Fund Inc. From 05/04/21

ClearBridge Energy Midstream Opportunity Fund (EMO) declares $0.38/share quarterly dividend, 16.9% increase from prior dividend of $0.33.Forward yield 7.58%Payable May 28; for shareholders of record May 21; ex-div May 20.See EMO Dividend Scorecard, Yield Chart, & Dividend Growth. For fu...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the month of May 2021. The following dates apply to the distribution schedule below: The increased distribution rates better align with each Fund’s ca...

Cost management and asset optimization helped partially offset macro headwinds in 2020, contributing to stable EBITDA and allowing excess cash flow to be used for debt reduction and in some cases, buybacks. While controlling costs helped many companies navigate market headwinds, some ...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 8.33% last month. The index has increased by 100.36% since last March. The current yield on MLPs stands at 9.04%. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color...

Private equity activity in midstream has served as a catalyst for the space in the past, and a more stable macro environment could lead to additional transactions in 2021 after a relatively quiet 2020. Thus far in 2021, there have been some examples of private equity purchasing non-co...

Midstream companies were devastated by the market's reaction to the pandemic, but the fundamentals are still quite strong. The fund's portfolio is fairly well diversified among the various midstream companies but I would have liked more exposure to natural gas. The global demand f...

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of March 31, 2021. As of March 31, 2021, the Fund’s net assets were $304.6 million, an...

One of the potential tailwinds for midstream in 2021 relative to past recoveries is the proliferation of buyback programs supported by expectations for robust free cash flow generation this year. Since Alerian's last buyback note in November, Pembina Pipeline (PPL CN) formally announc...

Crude oil prices reached a nearly 14-month high as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed not to increase oil output in April. Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 8.02% last month. The curren...

Many macro and political overhangs lifted by the end of Q4, with optimism about the re-opening economy driving Energy sector gains. Value sectors like Energy shined as the economy rebounded, and small cap and cyclical sectors became market leaders. With rising inflation, midstream...