Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.12 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Tuesday, March 24th.
Western Asset Mortgage Opportunity Fund Stock Performance
NYSE DMO opened at $11.23 on Tuesday. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.81 and a fifty-two week high of $12.15. The stock’s 50-day moving average is $11.12 and its two-hundred day moving average is $11.58.
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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