Western Asset Mortgage Opportunity Fund Inc. (DMO) To Go Ex-Dividend on August 22nd

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a monthly dividend on Monday, May 19th, Wall Street Journal reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.13 per share by the investment management company on Tuesday, September 2nd. This represents a $1.56 annualized dividend and a yield of 13.39%. The ex-dividend date of this dividend is Friday, August 22nd.

Western Asset Mortgage Opportunity Fund has increased its dividend payment by an average of 7.5% per year over the last three years.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of DMO stock opened at $11.65 on Wednesday. Western Asset Mortgage Opportunity Fund has a 12-month low of $10.81 and a 12-month high of $12.34. The firm has a 50-day moving average price of $11.58 and a 200 day moving average price of $11.78.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

A hedge fund recently raised its stake in Western Asset Mortgage Opportunity Fund stock. Royal Bank of Canada raised its stake in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,487 shares of the investment management company’s stock after acquiring an additional 10,116 shares during the quarter. Royal Bank of Canada’s holdings in Western Asset Mortgage Opportunity Fund were worth $4,592,000 as of its most recent filing with the Securities and Exchange Commission.

About Western Asset Mortgage Opportunity Fund

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.