Western Asset Mrtg Defined Oppn Fund Inc (DMO) To Go Ex-Dividend on November 22nd
Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) declared a monthly dividend on Tuesday, August 15th, Wall Street Journal reports. Stockholders of record on Friday, November 24th will be paid a dividend of 0.225 per share by the investment management company on Friday, December 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 10.87%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from Western Asset Mrtg Defined Oppn Fund’s previous monthly dividend of $0.08.
Western Asset Mrtg Defined Oppn Fund has decreased its dividend payment by an average of 3.3% annually over the last three years.
Western Asset Mrtg Defined Oppn Fund (DMO) opened at $24.84 on Tuesday. Western Asset Mrtg Defined Oppn Fund has a 52-week low of $21.71 and a 52-week high of $27.29.
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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