Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.12 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Friday, July 24th.
Western Asset Mortgage Opportunity Fund Price Performance
Shares of DMO stock opened at $11.17 on Friday. Western Asset Mortgage Opportunity Fund has a 12 month low of $10.42 and a 12 month high of $12.11. The company’s fifty day simple moving average is $10.95 and its 200-day simple moving average is $11.22.
About Western Asset Mortgage Opportunity Fund
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.
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