Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) announced a monthly dividend on Tuesday, November 13th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be given a dividend of 0.175 per share by the investment management company on Friday, March 1st. This represents a $2.10 annualized dividend and a dividend yield of 9.89%. The ex-dividend date is Thursday, February 14th.
Western Asset Mrtg Defined Oppn Fund has decreased its dividend by an average of 10.1% per year over the last three years.
DMO opened at $21.23 on Friday. Western Asset Mrtg Defined Oppn Fund has a twelve month low of $20.21 and a twelve month high of $26.25.
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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