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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Thursday, May 22nd will be paid a dividend of 0.13 per share by the investment management company on Monday, June 2nd. This represents a $1.56 annualized dividend and a dividend yield of 13.45%. The ex-dividend date is Thursday, May 22nd.

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

Western Asset Mortgage Opportunity Fund Price Performance

Shares of DMO stock opened at $11.60 on Tuesday. The firm has a fifty day moving average of $11.59 and a 200-day moving average of $11.78. Western Asset Mortgage Opportunity Fund has a 12-month low of $10.81 and a 12-month high of $12.34.

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 boosted its holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,487 shares of the investment management company’s stock after purchasing an additional 10,116 shares during the period. 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.