Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) Declares Monthly Dividend of $0.23

Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Friday, February 16th will be given a dividend of 0.225 per share by the investment management company on Thursday, March 1st. This represents a $2.70 annualized dividend and a dividend yield of 10.94%. The ex-dividend date of this dividend is Thursday, February 15th.

Western Asset Mrtg Defined Oppn Fund has raised its dividend payment by an average of 1.8% annually over the last three years.

Western Asset Mrtg Defined Oppn Fund (NYSE:DMO) traded up $0.07 during trading hours on Wednesday, hitting $24.68. 2,989 shares of the stock traded hands, compared to its average volume of 89,146. Western Asset Mrtg Defined Oppn Fund has a 12-month low of $22.88 and a 12-month high of $27.29.

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Western Asset Mrtg Defined Oppn Fund Company Profile

Western Asset Mortgage Defined Opportunity Fund Inc (the Fund) is a non-diversified, limited-term, closed-end management investment company. The Fund’s primary investment objective is to provide current income. As a secondary investment objective, the Fund intends to seek capital appreciation. The Fund invests in a portfolio of mortgage-backed securities, consisting of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.

Dividend History for Western Asset Mrtg Defined Oppn Fund (NYSE:DMO)

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