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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a dividend on Thursday, January 23rd,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.13 per share by the investment management company on Monday, February 3rd. This represents a dividend yield of 13.3%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12.

Western Asset Mortgage Opportunity Fund has increased its dividend payment by an average of 9.4% per year over the last three years.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of Western Asset Mortgage Opportunity Fund stock traded down $0.01 on Thursday, hitting $11.74. The company’s stock had a trading volume of 44,034 shares, compared to its average volume of 77,224. Western Asset Mortgage Opportunity Fund has a 1 year low of $11.14 and a 1 year high of $12.34. The firm has a fifty day moving average price of $11.87 and a 200-day moving average price of $12.02.

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.