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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a dividend on Wednesday, January 22nd,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.13 per share by the investment management company on Monday, February 3rd. This represents a dividend yield of 13.29%. The ex-dividend date is Friday, January 24th. This is a boost from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12.

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

Western Asset Mortgage Opportunity Fund Price Performance

NYSE DMO traded up $0.09 during trading on Wednesday, hitting $11.75. The company’s stock had a trading volume of 63,966 shares, compared to its average volume of 79,782. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $11.05 and a fifty-two week high of $12.34. The business’s 50 day simple moving average is $11.88 and its 200-day simple moving average is $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.