Western Asset Mortgage Opportunity Fund Inc. Announces Dividend of $0.13 (NYSE:DMO)

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a dividend on Monday, March 24th, investing.com reports. Stockholders of record on Tuesday, March 25th will be paid a dividend of 0.13 per share by the investment management company on Tuesday, April 1st. This represents a dividend yield of 13.05%. The ex-dividend date of this dividend is Monday, March 24th.

Western Asset Mortgage Opportunity Fund has increased its dividend by an average of 7.5% annually over the last three years.

Western Asset Mortgage Opportunity Fund Trading Down 0.7 %

Shares of NYSE DMO traded down $0.09 during midday trading on Monday, reaching $11.87. The company had a trading volume of 60,328 shares, compared to its average volume of 59,107. The firm’s fifty day moving average price is $11.81 and its 200-day moving average price is $11.94. Western Asset Mortgage Opportunity Fund has a one year low of $11.16 and a one year high of $12.34.

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.