Very Favorable News Coverage Somewhat Unlikely to Impact Western Asset Mrtg Defined Oppn Fund (DMO) Stock Price
News articles about Western Asset Mrtg Defined Oppn Fund (NYSE:DMO) have been trending very positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.55 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 48.5554072096128 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
NYSE DMO traded down $0.21 on Tuesday, hitting $22.29. 77,712 shares of the stock were exchanged, compared to its average volume of 60,964. Western Asset Mrtg Defined Oppn Fund has a fifty-two week low of $21.50 and a fifty-two week high of $26.75.
The company also recently declared a monthly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 10.23%. The ex-dividend date of this dividend is Wednesday, November 21st.
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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