Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Plans Dividend Increase – $0.13 Per Share

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Investors of record on Wednesday, July 24th will be given a dividend of 0.13 per share by the investment management company on Thursday, August 1st. This represents a $1.56 annualized dividend and a dividend yield of 12.69%. The ex-dividend date is Wednesday, July 24th. This is an increase from Western Asset Mortgage Opportunity Fund’s previous monthly dividend of $0.13.

Western Asset Mortgage Opportunity Fund has raised its dividend payment by an average of 6.2% per year over the last three years.

Western Asset Mortgage Opportunity Fund Trading Up 0.5 %

Shares of NYSE:DMO opened at $12.30 on Tuesday. Western Asset Mortgage Opportunity Fund has a 12-month low of $10.00 and a 12-month high of $12.34. The stock has a fifty day simple moving average of $11.91 and a two-hundred day simple moving average of $11.60.

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.