Western Asset Mrtg Defined Oppn Fund Inc (DMO) to Issue Monthly Dividend of $0.24 on September 1st
Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) declared a monthly dividend on Thursday, May 18th, Wall Street Journal reports. Stockholders of record on Friday, August 25th will be given a dividend of 0.235 per share by the investment management company on Friday, September 1st. This represents a $2.82 annualized dividend and a dividend yield of 10.62%. The ex-dividend date is Wednesday, August 23rd.
Western Asset Mrtg Defined Oppn Fund has decreased its dividend payment by an average of 3.3% per year over the last three years.
Western Asset Mrtg Defined Oppn Fund (NYSE DMO) opened at 26.56 on Tuesday. The stock’s 50 day moving average price is $26.33 and its 200 day moving average price is $25.09. Western Asset Mrtg Defined Oppn Fund has a 52-week low of $20.95 and a 52-week high of $27.29.
In other news, Director Daniel P. Cronin sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $26.12, for a total transaction of $26,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Western Asset Mrtg Defined Oppn Fund Company Profile
Western Asset Mortgage Defined Opportunity Fund Inc (the Fund) is a non-diversified, limited-term, closed-end management investment company. The Fund’s primary investment objective is to provide current income. As a secondary investment objective, the Fund intends to seek capital appreciation. The Fund invests in a portfolio of mortgage-backed securities, consisting of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.
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