Western Asset Mrtg Defined Oppn Fund Inc to Issue Monthly Dividend of $0.23 (DMO)
Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Friday, December 22nd will be paid a dividend of 0.225 per share by the investment management company on Friday, December 29th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date is Thursday, December 21st.
Western Asset Mrtg Defined Oppn Fund has decreased its dividend by an average of 3.3% annually over the last three years.
Shares of Western Asset Mrtg Defined Oppn Fund (NYSE DMO) traded up $0.05 during trading on Tuesday, hitting $24.26. 57,300 shares of the stock were exchanged, compared to its average volume of 62,554. Western Asset Mrtg Defined Oppn Fund has a twelve month low of $20.95 and a twelve month high of $27.29.
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About Western Asset Mrtg Defined Oppn Fund
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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