Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Raises Dividend to $0.13 Per Share

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a dividend on Thursday, January 23rd,investing.com reports. Investors of record on Monday, January 27th will be given a dividend of 0.13 per share by the investment management company on Monday, February 3rd. This represents a yield of 13.3%. The ex-dividend date is Friday, January 24th. This is a boost from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12.

Western Asset Mortgage Opportunity Fund has increased its dividend by an average of 9.4% annually over the last three years.

Western Asset Mortgage Opportunity Fund Price Performance

DMO opened at $11.65 on Friday. The business’s 50-day moving average price is $11.87 and its two-hundred day moving average price is $12.02. Western Asset Mortgage Opportunity Fund has a 1 year low of $11.15 and a 1 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.