Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) announced a monthly dividend on Friday, August 9th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.13 per share by the investment management company on Monday, December 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 12.96%. The ex-dividend date is Thursday, November 21st.
Western Asset Mortgage Opportunity Fund has raised its dividend payment by an average of 6.2% per year over the last three years.
Western Asset Mortgage Opportunity Fund Stock Performance
Shares of DMO stock opened at $12.04 on Tuesday. Western Asset Mortgage Opportunity Fund has a twelve month low of $10.53 and a twelve month high of $12.34. The stock’s fifty day simple moving average is $12.08 and its 200 day simple moving average is $12.00.
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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