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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.13 per share by the investment management company on Monday, June 2nd. This represents a $1.56 annualized dividend and a yield of 13.03%. The ex-dividend date of this dividend is Thursday, May 22nd.

Western Asset Mortgage Opportunity Fund has increased its dividend by an average of 7.5% per year over the last three years.

Western Asset Mortgage Opportunity Fund Stock Down 0.2 %

NYSE DMO traded down $0.03 during trading on Thursday, hitting $11.97. 34,079 shares of the company’s stock were exchanged, compared to its average volume of 64,490. The stock’s 50 day moving average price is $11.78 and its two-hundred day moving average price is $11.97. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $11.16 and a fifty-two week high of $12.34.

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.