Western Asset Mortgage Opportunity Fund Inc. (DMO) To Go Ex-Dividend on November 20th

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, November 20th will be given a dividend of 0.12 per share by the investment management company on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset Mortgage Opportunity Fund Trading Up 0.1%

Shares of DMO stock opened at $10.39 on Friday. Western Asset Mortgage Opportunity Fund has a 1 year low of $10.31 and a 1 year high of $12.11. The stock has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $10.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new stake in Western Asset Mortgage Opportunity Fund during the first quarter worth about $114,000. Bank of America Corp DE increased its stake in Western Asset Mortgage Opportunity Fund by 18.6% in the second quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock valued at $185,000 after acquiring an additional 2,424 shares during the last quarter. Marex Group plc acquired a new position in Western Asset Mortgage Opportunity Fund during the fourth quarter valued at approximately $189,000. CoreCap Advisors LLC lifted its stake in Western Asset Mortgage Opportunity Fund by 171.9% during the second quarter. CoreCap Advisors LLC now owns 17,400 shares of the investment management company’s stock worth $186,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Western Asset Mortgage Opportunity Fund by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after purchasing an additional 1,097 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

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.