Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) announced a monthly dividend on Wednesday, February 15th, Wall Street Journal reports. Stockholders of record on Friday, April 21st will be paid a dividend of 0.10 per share by the investment management company on Monday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date of this dividend is Thursday, April 20th.
Western Asset Mortgage Opportunity Fund has decreased its dividend payment by an average of 13.9% annually over the last three years.
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Shares of DMO stock opened at $10.37 on Tuesday. The firm has a fifty day moving average price of $10.81 and a 200 day moving average price of $10.88. Western Asset Mortgage Opportunity Fund has a 12 month low of $10.16 and a 12 month high of $13.00.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. SeaCrest Wealth Management LLC raised its position in shares of Western Asset Mortgage Opportunity Fund by 10.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 18,067 shares of the investment management company's stock worth $195,000 after acquiring an additional 1,776 shares in the last quarter. Morgan Stanley lifted its position in shares of Western Asset Mortgage Opportunity Fund by 11.4% during the 4th quarter. Morgan Stanley now owns 385,680 shares of the investment management company's stock worth $4,154,000 after buying an additional 39,582 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Western Asset Mortgage Opportunity Fund by 1.9% in the 4th quarter. Bank of America Corp DE now owns 100,613 shares of the investment management company's stock valued at $1,084,000 after buying an additional 1,876 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Western Asset Mortgage Opportunity Fund by 4.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 134,251 shares of the investment management company's stock valued at $1,492,000 after buying an additional 5,280 shares during the last quarter. Finally, UBS Group AG lifted its position in Western Asset Mortgage Opportunity Fund by 165.2% in the third quarter. UBS Group AG now owns 49,903 shares of the investment management company's stock valued at $554,000 after acquiring an additional 31,085 shares during the last quarter.
Western Asset Mortgage Opportunity Fund Company Profile
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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.
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