Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Declares Monthly Dividend of $0.12

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, April 23rd will be paid a dividend of 0.12 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Thursday, April 23rd.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of DMO traded down $0.02 during trading hours on Monday, reaching $11.23. The company’s stock had a trading volume of 45,613 shares, compared to its average volume of 73,083. The company has a 50 day moving average of $11.12 and a two-hundred day moving average of $11.58. Western Asset Mortgage Opportunity Fund has a 1-year low of $10.81 and a 1-year high of $12.15.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently modified their holdings of the stock. Aviance Capital Partners LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 2.4% during the 3rd quarter. Aviance Capital Partners LLC now owns 39,059 shares of the investment management company’s stock valued at $458,000 after acquiring an additional 916 shares in the last quarter. Bank of America Corp DE boosted its position in Western Asset Mortgage Opportunity Fund by 6.1% during the third quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 952 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Western Asset Mortgage Opportunity Fund by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after purchasing an additional 1,097 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Western Asset Mortgage Opportunity Fund by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 230,453 shares of the investment management company’s stock valued at $2,752,000 after purchasing an additional 8,793 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in Western Asset Mortgage Opportunity Fund by 11.9% in the 3rd quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock worth $1,031,000 after purchasing an additional 9,350 shares during the last quarter.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.