Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Increases 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 given 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 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% annually over the last three years.

Western Asset Mortgage Opportunity Fund Stock Up 0.7 %

Western Asset Mortgage Opportunity Fund stock traded up $0.09 during trading hours on Wednesday, reaching $11.75. 63,966 shares of the stock were exchanged, compared to its average volume of 79,782. Western Asset Mortgage Opportunity Fund has a 52-week low of $11.05 and a 52-week high of $12.34. The firm’s 50 day moving average is $11.88 and its 200 day moving average is $12.02.

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.