Western Asset Mortgage Opportunity Fund Inc. Announces Monthly Dividend of $0.10 (NYSE:DMO)

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) declared a monthly dividend on Friday, August 5th, Wall Street Journal reports. Stockholders of record on Tuesday, November 22nd will be paid a dividend of 0.10 per share by the investment management company on Thursday, December 1st. This represents a $1.20 annualized dividend and a dividend yield of 9.68%. The ex-dividend date is Monday, November 21st.

Western Asset Mortgage Opportunity Fund has decreased its dividend payment by an average of 27.5% annually over the last three years.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of DMO stock opened at $12.40 on Friday. The business has a 50-day simple moving average of $11.87 and a 200-day simple moving average of $12.88. Western Asset Mortgage Opportunity Fund has a 52-week low of $11.28 and a 52-week high of $16.29.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Several institutional investors and hedge funds have recently modified their holdings of DMO. Bank of America Corp DE lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 520.3% in the 1st quarter. Bank of America Corp DE now owns 103,805 shares of the investment management company’s stock valued at $1,388,000 after buying an additional 87,071 shares during the period. Invesco Ltd. acquired a new position in shares of Western Asset Mortgage Opportunity Fund in the 1st quarter valued at about $313,000. Raymond James Financial Services Advisors Inc. raised its holdings in Western Asset Mortgage Opportunity Fund by 7.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 56,534 shares of the investment management company’s stock worth $756,000 after purchasing an additional 3,741 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. NewEdge Advisors LLC now owns 93,888 shares of the investment management company’s stock worth $1,255,000 after purchasing an additional 2,503 shares during the period.

About Western Asset Mortgage Opportunity Fund

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Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.