Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) Plans $0.24 Monthly Dividend
Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) announced a monthly dividend on Thursday, May 18th, Wall Street Journal reports. Shareholders of record on Friday, July 21st will be paid a dividend of 0.235 per share by the investment management company on Tuesday, August 1st. This represents a $2.82 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date is Wednesday, July 19th.
Western Asset Mrtg Defined Oppn Fund has decreased its dividend by an average of 3.3% per year over the last three years.
Shares of Western Asset Mrtg Defined Oppn Fund (DMO) traded down 1.09% during mid-day trading on Tuesday, hitting $26.32. The company’s stock had a trading volume of 67,412 shares. The company has a 50-day moving average price of $26.49 and a 200-day moving average price of $24.80. Western Asset Mrtg Defined Oppn Fund has a 1-year low of $20.95 and a 1-year high of $27.29.
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In other news, Director Daniel P. Cronin sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $26.12, for a total value of $26,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
About Western Asset Mrtg Defined Oppn Fund
Western Asset Mortgage Defined Opportunity Fund Inc (the Fund) is a non-diversified, limited-term, closed-end management investment company. The Fund’s primary investment objective is to provide current income. As a secondary investment objective, the Fund intends to seek capital appreciation. The Fund invests in a portfolio of mortgage-backed securities, consisting of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.
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