Western Asset Mortgage Opportunity Fund Inc. (DMO) to Issue Dividend of $0.13 on February 3rd

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a dividend on Wednesday, January 22nd,investing.com reports. Investors of record on Monday, January 27th will be paid a dividend of 0.13 per share by the investment management company on Monday, February 3rd. This represents a yield of 13.29%. The ex-dividend date of this dividend is Friday, January 24th. This is a positive change from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12.

Western Asset Mortgage Opportunity Fund has increased its dividend by an average of 9.4% per year over the last three years.

Western Asset Mortgage Opportunity Fund Stock Up 0.7 %

Shares of NYSE:DMO traded up $0.09 during trading on Wednesday, hitting $11.75. 63,966 shares of the company were exchanged, compared to its average volume of 79,782. The firm’s 50 day moving average price is $11.88 and its 200-day moving average price is $12.02. Western Asset Mortgage Opportunity Fund has a 12-month low of $11.05 and a 12-month high of $12.34.

Western Asset Mortgage Opportunity Fund Company Profile

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.