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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.12 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Mortgage Opportunity Fund Trading Down 0.2%

Shares of DMO traded down $0.02 during trading hours on Monday, hitting $11.23. 45,613 shares of the stock were exchanged, compared to its average volume of 73,083. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.81 and a fifty-two week high of $12.15. The business has a 50-day moving average of $11.12 and a 200-day moving average of $11.58.

Western Asset Mortgage Opportunity Fund Company Profile

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.