Western Asset Mrtg Defined Oppn Fund Inc (DMO) Director Sells $26,120.00 in Stock
Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) Director Daniel P. Cronin sold 1,000 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $26.12, for a total transaction of $26,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) traded up 1.27% during trading on Friday, hitting $26.32. 56,056 shares of the stock traded hands. The stock has a 50 day moving average price of $25.30 and a 200-day moving average price of $23.93. Western Asset Mrtg Defined Oppn Fund Inc has a 52-week low of $20.95 and a 52-week high of $26.35.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 21st will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 10.73%.
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.
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