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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be given a dividend of 0.13 per share by the investment management company on Monday, June 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 13.03%. The ex-dividend date of this dividend is Thursday, May 22nd.

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

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of NYSE:DMO traded down $0.03 during trading on Thursday, reaching $11.97. 34,079 shares of the company traded hands, compared to its average volume of 64,490. Western Asset Mortgage Opportunity Fund has a 52 week low of $11.16 and a 52 week high of $12.34. The company’s 50 day moving average is $11.78 and its two-hundred day moving average is $11.97.

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.