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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be given a dividend of 0.12 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of NYSE DMO traded down $0.02 during midday trading on Monday, hitting $11.23. 45,613 shares of the company’s stock were exchanged, compared to its average volume of 73,083. Western Asset Mortgage Opportunity Fund has a twelve month low of $10.81 and a twelve month high of $12.15. The stock’s 50 day moving average price is $11.12 and its 200-day moving average price 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.