Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) declared a special dividend on Thursday, December 21st, Wall Street Journal reports. Investors of record on Friday, December 29th will be given a dividend of 0.0546 per share by the investment management company on Friday, January 26th. This represents a dividend yield of 10.89%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Western Asset Mrtg Defined Oppn Fund’s previous special dividend of $0.05.

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) traded down $0.25 during trading hours on Friday, hitting $24.55. 70,963 shares of the company were exchanged, compared to its average volume of 60,657. Western Asset Mrtg Defined Oppn Fund has a 1 year low of $21.92 and a 1 year high of $27.29.

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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.

Dividend History for Western Asset Mrtg Defined Oppn Fund (NYSE:DMO)

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