Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) declared a monthly dividend on Thursday, February 21st, Wall Street Journal reports. Investors of record on Friday, March 22nd will be paid a dividend of 0.175 per share by the investment management company on Monday, April 1st. This represents a $2.10 dividend on an annualized basis and a yield of 10.17%. The ex-dividend date of this dividend is Thursday, March 21st.
Western Asset Mrtg Defined Oppn Fund has decreased its dividend by an average of 10.1% per year over the last three years.
DMO traded up $0.15 during trading on Thursday, reaching $20.65. 24,477 shares of the company were exchanged, compared to its average volume of 44,974. Western Asset Mrtg Defined Oppn Fund has a 52 week low of $20.21 and a 52 week high of $26.25.
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Western Asset Mortgage Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.
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