Western Asset Mortgage Opportunity Fund Inc. (DMO) to Issue Monthly Dividend of $0.12 on May 29th

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a monthly dividend on Monday, February 23rd. Investors of record on Thursday, May 21st will be paid a dividend of 0.12 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of NYSE DMO opened at $11.21 on Wednesday. Western Asset Mortgage Opportunity Fund has a twelve month low of $10.81 and a twelve month high of $12.15. The company has a 50 day moving average of $11.11 and a 200 day moving average of $11.57.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in Western Asset Mortgage Opportunity Fund by 4.0% in the 4th quarter. Royal Bank of Canada now owns 391,231 shares of the investment management company’s stock worth $4,327,000 after buying an additional 14,948 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Western Asset Mortgage Opportunity Fund by 3.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after acquiring an additional 1,097 shares during the period. Marex Group plc purchased a new position in shares of Western Asset Mortgage Opportunity Fund during the fourth quarter valued at approximately $189,000. LPL Financial LLC lifted its position in Western Asset Mortgage Opportunity Fund by 13.7% during the fourth quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock valued at $2,783,000 after purchasing an additional 30,402 shares during the period. Finally, Aviance Capital Partners LLC boosted its holdings in Western Asset Mortgage Opportunity Fund by 3.8% in the fourth quarter. Aviance Capital Partners LLC now owns 40,548 shares of the investment management company’s stock worth $448,000 after purchasing an additional 1,489 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.