Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Plans Monthly Dividend of $0.13

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be paid a dividend of 0.125 per share by the investment management company on Wednesday, May 1st. This represents a $1.50 dividend on an annualized basis and a yield of 12.96%. The ex-dividend date of this dividend is Monday, April 22nd. This is a positive change from Western Asset Mortgage Opportunity Fund’s previous monthly dividend of $0.12.

Western Asset Mortgage Opportunity Fund has decreased its dividend payment by an average of 6.2% per year over the last three years and has raised its dividend every year for the last 2 years.

Western Asset Mortgage Opportunity Fund Stock Up 0.5 %

Shares of NYSE DMO opened at $11.57 on Friday. Western Asset Mortgage Opportunity Fund has a 1-year low of $10.00 and a 1-year high of $11.93. The company has a fifty day moving average price of $11.53 and a 200 day moving average price of $11.10.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

A number of large investors have recently modified their holdings of DMO. Pathstone Holdings LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund during the 4th quarter worth about $4,029,000. Bank of America Corp DE boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 520.3% during the 1st quarter. Bank of America Corp DE now owns 103,805 shares of the investment management company’s stock worth $1,388,000 after buying an additional 87,071 shares during the last quarter. Morgan Stanley boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 11.4% during the 4th quarter. Morgan Stanley now owns 385,680 shares of the investment management company’s stock worth $4,154,000 after buying an additional 39,582 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 12.1% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 288,343 shares of the investment management company’s stock worth $3,013,000 after buying an additional 31,172 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 165.2% during the 3rd quarter. UBS Group AG now owns 49,903 shares of the investment management company’s stock worth $554,000 after buying an additional 31,085 shares during the last quarter.

About Western Asset Mortgage Opportunity Fund

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.