Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) announced a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Friday, August 23rd will be given 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 dividend yield of 8.83%. 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% per year over the last three years.
Western Asset Mrtg Defined Oppn Fund stock opened at $21.75 on Wednesday. Western Asset Mrtg Defined Oppn Fund has a 1-year low of $20.21 and a 1-year high of $23.19. The stock’s 50 day moving average price is $21.69 and its 200 day moving average price is $21.15.
About Western Asset Mrtg Defined Oppn Fund
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.
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