Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) announced a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Shareholders of record on Friday, December 22nd will be paid a dividend of 0.225 per share by the investment management company on Friday, December 29th. This represents a $2.70 dividend on an annualized basis and a yield of 10.98%. The ex-dividend date is Thursday, December 21st.

Western Asset Mrtg Defined Oppn Fund has decreased its dividend payment by an average of 3.3% annually over the last three years.

Shares of Western Asset Mrtg Defined Oppn Fund (DMO) traded up $0.34 during mid-day trading on Wednesday, reaching $24.60. 47,000 shares of the company’s stock were exchanged, compared to its average volume of 62,484. Western Asset Mrtg Defined Oppn Fund has a 1-year low of $21.27 and a 1-year high of $27.29.

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About Western Asset Mrtg Defined Oppn Fund

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.

Dividend History for Western Asset Mrtg Defined Oppn Fund (NYSE:DMO)

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