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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a monthly dividend on Tuesday, November 19th,NASDAQ Dividends reports. Investors of record on Monday, December 23rd will be given a dividend of 0.13 per share by the investment management company on Tuesday, December 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.07%. The ex-dividend date is Monday, December 23rd.

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

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of DMO traded down $0.08 during trading hours on Friday, hitting $11.94. 73,289 shares of the company were exchanged, compared to its average volume of 56,228. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.88 and a fifty-two week high of $12.34. The firm’s fifty day moving average is $12.08 and its 200 day moving average is $12.06.

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.