Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Raises Dividend to $0.13 Per Share

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 dividend yield of 13.29%. The ex-dividend date of this dividend is Friday, January 24th. This is a boost from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12.

Western Asset Mortgage Opportunity Fund has raised 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, reaching $11.75. The company’s stock had a trading volume of 63,966 shares, compared to its average volume of 79,782. Western Asset Mortgage Opportunity Fund has a 12 month low of $11.05 and a 12 month high of $12.34. The firm’s 50 day simple moving average is $11.88 and its two-hundred day simple moving average is $12.02.

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.