Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) Announces $0.16 Monthly Dividend

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Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) announced a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Friday, July 19th will be paid a dividend of 0.16 per share by the investment management company on Thursday, August 1st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date of this dividend is Thursday, July 18th.

Western Asset Mrtg Defined Oppn Fund has decreased its dividend payment by an average of 10.1% annually over the last three years.

Shares of NYSE:DMO opened at $21.76 on Wednesday. The company has a 50 day moving average of $21.36. Western Asset Mrtg Defined Oppn Fund has a one year low of $20.21 and a one year high of $23.45.

Western Asset Mrtg Defined Oppn Fund Company Profile

Western Asset Mortgage Defined 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.

Read More: Outperform Rating

Dividend History for Western Asset Mrtg Defined Oppn Fund (NYSE:DMO)

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