Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Thursday, May 22nd will be paid a dividend of 0.13 per share by the investment management company on Monday, June 2nd. This represents a $1.56 annualized dividend and a dividend yield of 13.03%. The ex-dividend date is Thursday, May 22nd.
Western Asset Mortgage Opportunity Fund has raised its dividend payment by an average of 7.5% per year over the last three years.
Western Asset Mortgage Opportunity Fund Trading Down 0.2 %
Shares of NYSE DMO opened at $11.97 on Friday. Western Asset Mortgage Opportunity Fund has a 12-month low of $11.16 and a 12-month high of $12.34. The business’s fifty day simple moving average is $11.78 and its 200-day simple moving average is $11.97.
About Western Asset Mortgage Opportunity Fund
Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.
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