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 Wednesday, August 5th. Investors of record on Friday, November 20th will be given a dividend of 0.12 per share by the investment management company on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date is Friday, November 20th.

Western Asset Mortgage Opportunity Fund Trading Down 0.5%

Shares of DMO stock opened at $10.36 on Thursday. The business’s 50 day moving average price is $10.64 and its 200-day moving average price is $10.89. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.31 and a fifty-two week high of $12.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Western Asset Mortgage Opportunity Fund by 2.7% during the 1st quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock valued at $4,321,000 after acquiring an additional 10,721 shares during the period. LPL Financial LLC raised its position in Western Asset Mortgage Opportunity Fund by 13.7% in the 4th quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock worth $2,783,000 after buying an additional 30,402 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Western Asset Mortgage Opportunity Fund by 8.6% during the second quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock valued at $2,612,000 after purchasing an additional 17,374 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 11.9% during the 3rd quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock valued at $1,031,000 after buying an additional 9,350 shares during the period. Finally, Aviance Capital Partners LLC boosted its position in Western Asset Mortgage Opportunity Fund by 3.8% in the fourth quarter. Aviance Capital Partners LLC now owns 40,548 shares of the investment management company’s stock worth $448,000 after purchasing an additional 1,489 shares during the last quarter.

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.