Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Declares $0.13 Monthly Dividend

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a monthly dividend on Tuesday, November 19th,NASDAQ Dividends reports. Shareholders of record on Monday, December 23rd will be given a dividend of 0.13 per share by the investment management company on Tuesday, December 31st. This represents a $1.56 annualized dividend and a yield of 13.07%. The ex-dividend date is Monday, December 23rd.

Western Asset Mortgage Opportunity Fund has raised its dividend by an average of 6.2% per year over the last three years.

Western Asset Mortgage Opportunity Fund Stock Down 0.7 %

Shares of DMO stock traded down $0.08 on Friday, reaching $11.94. 73,289 shares of the company were exchanged, compared to its average volume of 56,228. Western Asset Mortgage Opportunity Fund has a 1 year low of $10.88 and a 1 year high of $12.34. The business has a 50-day moving average price of $12.08 and a 200 day moving average price of $12.06.

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.