Western Asset Mrtg Defined Oppn Fund Inc (DMO) Declares Special Dividend of $0.05
Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) announced a special dividend on Thursday, December 21st, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.0546 per share by the investment management company on Friday, January 26th. This represents a dividend yield of 10.89%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Western Asset Mrtg Defined Oppn Fund’s previous special dividend of $0.05.
Western Asset Mrtg Defined Oppn Fund has decreased its dividend by an average of 3.3% annually over the last three years.
Shares of Western Asset Mrtg Defined Oppn Fund (NYSE:DMO) traded up $0.40 during trading hours on Thursday, reaching $24.80. The company had a trading volume of 117,829 shares, compared to its average volume of 60,615. Western Asset Mrtg Defined Oppn Fund has a 1 year low of $21.92 and a 1 year high of $27.29.
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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