Positive News Coverage Somewhat Unlikely to Affect Western Asset Mrtg Defined Oppn Fund (DMO) Stock Price
News stories about Western Asset Mrtg Defined Oppn Fund (NYSE:DMO) have trended positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Western Asset Mrtg Defined Oppn Fund earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 45.8989586540086 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Western Asset Mrtg Defined Oppn Fund (DMO) opened at 26.05 on Tuesday. The stock’s 50 day moving average is $26.31 and its 200-day moving average is $25.15. Western Asset Mrtg Defined Oppn Fund has a 52 week low of $20.95 and a 52 week high of $27.29.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 20th will be issued a $0.225 dividend. This represents a $2.70 annualized dividend and a dividend yield of 10.36%. The ex-dividend date of this dividend is Thursday, October 19th.
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In related news, Director Daniel P. Cronin sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $26.12, for a total value of $26,120.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
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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