Western Asset Mortgage Opportunity Fund Inc. Announces Monthly Dividend of $0.12 (NYSE:DMO)

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.12 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Tuesday, June 23rd.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of DMO stock remained flat at $11.17 during trading hours on Thursday. 22,316 shares of the stock traded hands, compared to its average volume of 54,089. The business’s fifty day moving average is $10.95 and its two-hundred day moving average is $11.22. Western Asset Mortgage Opportunity Fund has a 52-week low of $10.42 and a 52-week high of $12.11.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.