Western Asset Mortgage Capital Corp (NYSE:WMC) announced a dividend on Thursday, September 19th, Fidelity reports. Investors of record on Monday, September 30th will be given a dividend of 0.31 per share by the financial services provider on Friday, October 25th. The ex-dividend date is Friday, September 27th.

Western Asset Mortgage Capital has decreased its dividend by an average of 22.0% per year over the last three years. Western Asset Mortgage Capital has a dividend payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Shares of WMC traded up $0.13 on Friday, reaching $10.10. The stock had a trading volume of 954,578 shares, compared to its average volume of 310,822. The firm has a market capitalization of $537.52 million, a PE ratio of 7.43 and a beta of 0.76. The company has a quick ratio of 943.01, a current ratio of 943.01 and a debt-to-equity ratio of 8.45. The firm has a 50-day moving average of $9.74 and a 200 day moving average of $10.06. Western Asset Mortgage Capital has a twelve month low of $8.26 and a twelve month high of $10.75.

Western Asset Mortgage Capital (NYSE:WMC) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Western Asset Mortgage Capital had a return on equity of 11.60% and a net margin of 18.19%. The firm had revenue of $15.86 million during the quarter, compared to analyst estimates of $20.80 million. During the same quarter in the prior year, the company earned $0.36 EPS.

A number of equities research analysts recently issued reports on WMC shares. Zacks Investment Research lowered Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Sunday, July 14th. ValuEngine lowered Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th.

About Western Asset Mortgage Capital

Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets.

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Dividend History for Western Asset Mortgage Capital (NYSE:WMC)

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