Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Friday, February 16th will be paid a dividend of 0.225 per share by the investment management company on Thursday, March 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date is Thursday, February 15th.

Western Asset Mrtg Defined Oppn Fund has increased its dividend by an average of 1.8% per year over the last three years.

Western Asset Mrtg Defined Oppn Fund (DMO) opened at $24.91 on Wednesday. Western Asset Mrtg Defined Oppn Fund has a 52 week low of $22.88 and a 52 week high of $27.29.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://theolympiareport.com/2018/02/14/western-asset-mrtg-defined-oppn-fund-inc-plans-monthly-dividend-of-0-23-dmo.html.

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)

Receive News & Ratings for Western Asset Mrtg Defined Oppn Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Mrtg Defined Oppn Fund and related companies with MarketBeat.com's FREE daily email newsletter.