Western Asset Mortgage Opportunity Fund Inc. (DMO) to Issue Monthly Dividend of $0.12 on July 31st

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a monthly dividend on Thursday, May 14th. Investors of record on Friday, July 24th will be paid a dividend of 0.12 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 13.5%. The ex-dividend date is Friday, July 24th.

Western Asset Mortgage Opportunity Fund Stock Performance

NYSE:DMO opened at $10.66 on Wednesday. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.42 and a fifty-two week high of $12.11. The company has a fifty day moving average of $10.79 and a two-hundred day moving average of $10.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DMO. CoreCap Advisors LLC lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 171.9% in the second quarter. CoreCap Advisors LLC now owns 17,400 shares of the investment management company’s stock worth $186,000 after buying an additional 11,000 shares in the last quarter. Royal Bank of Canada grew its position in Western Asset Mortgage Opportunity Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock worth $4,321,000 after acquiring an additional 10,721 shares during the period. Bank of America Corp DE increased its position in shares of Western Asset Mortgage Opportunity Fund by 18.6% during the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock worth $185,000 after purchasing an additional 2,424 shares during the last quarter. Marex Group plc acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the fourth quarter valued at about $189,000. Finally, Commonwealth Equity Services LLC increased its holdings in Western Asset Mortgage Opportunity Fund by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after purchasing an additional 1,097 shares during the last quarter.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed?end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage?related securities.

The fund’s core investments include agency and non?agency residential mortgage?backed securities (MBS), commercial mortgage?backed securities (CMBS) and asset?backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.