Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.16 per share by the investment management company on Tuesday, September 3rd. This represents a $1.92 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date is Thursday, August 22nd.
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 DMO traded up $0.19 during trading hours on Friday, reaching $21.68. The company had a trading volume of 16,965 shares, compared to its average volume of 39,178. Western Asset Mrtg Defined Oppn Fund has a 12-month low of $20.21 and a 12-month high of $24.27.
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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.
Further Reading: The limitations of an equal weight rating
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