Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Declares $0.12 Monthly Dividend

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.12 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date is Wednesday, September 23rd.

Western Asset Mortgage Opportunity Fund Price Performance

DMO stock opened at $10.36 on Thursday. The company’s 50-day simple moving average is $10.64 and its 200-day simple moving average is $10.89. Western Asset Mortgage Opportunity Fund has a 52-week low of $10.31 and a 52-week high of $12.11.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.