Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Investors 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 yield of 13.16%. The ex-dividend date of this dividend is Thursday, May 22nd.
Western Asset Mortgage Opportunity Fund has raised its dividend by an average of 7.5% annually over the last three years.
Western Asset Mortgage Opportunity Fund Stock Performance
Shares of DMO opened at $11.85 on Friday. The company’s fifty day moving average is $11.78 and its 200 day moving average is $11.97. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $11.16 and a fifty-two week high of $12.34.
Western Asset Mortgage Opportunity Fund Company Profile
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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