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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 24th will be given a dividend of 0.12 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Mortgage Opportunity Fund Price Performance

NYSE DMO opened at $11.17 on Friday. The firm’s fifty day moving average price is $10.95 and its 200 day moving average price is $11.22. Western Asset Mortgage Opportunity Fund has a 12 month low of $10.42 and a 12 month high of $12.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in Western Asset Mortgage Opportunity Fund by 4.0% during the 4th quarter. Royal Bank of Canada now owns 391,231 shares of the investment management company’s stock worth $4,327,000 after purchasing an additional 14,948 shares during the last quarter. LPL Financial LLC grew its position in Western Asset Mortgage Opportunity Fund by 13.7% during the 4th quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock worth $2,783,000 after purchasing an additional 30,402 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Western Asset Mortgage Opportunity Fund by 5.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 242,543 shares of the investment management company’s stock worth $2,843,000 after purchasing an additional 12,090 shares during the last quarter. Baird Financial Group Inc. grew its position in Western Asset Mortgage Opportunity Fund by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock worth $2,612,000 after purchasing an additional 17,374 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in Western Asset Mortgage Opportunity Fund by 11.9% during 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.