Western Asset Mortgage Opportunity Fund Inc. (DMO)
| Market Value | 137.63M |
| Revenue (ttm) | 24.02M |
| Net Income (ttm) | 17.28M |
| Shares Out | 11.38M |
| EPS (ttm) | 1.52 |
| PE Ratio | 7.97 |
| Forward PE | n/a |
| Dividend | $1.56 (12.90%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 81,962 |
| Open | 11.99 |
| Previous Close | 12.00 |
| Day's Range | 11.99 - 12.14 |
| 52-Week Range | 10.62 - 12.34 |
| Beta | 0.60 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About DMO
Western Asset Mortgage 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. The fund invests primarily in mortgage-backed securities. It employs intensive proprietary research to create its portfolio. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch U.S. Floating Rate Home Equ... [Read more]
News
Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of September 30, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
DMO: Back To Fair Value And A 12% Yield (Rating Downgrade)
Western Asset Mortgage Opportunity Fund has outperformed since its initial "Buy" rating. The fund has reached fair value, and future returns will primarily come from dividends. DMO remains focused on ...
CEF Weekly Review: Saba/BlackRock Feud Escalates
We review CEF market valuation and performance through the first week of July and highlight recent market action. All CEF sectors finished the week in the green, with fixed-income CEF sector discounts...
CEF Weekly Review: Western Asset Is Doing A Nuveen
We review CEF market valuation and performance through the last week of June and highlight recent market action. CEFs were mostly up on the week with MLP and Hybrid sectors leading the way. Western As...
DMO: Another Distribution Hike For This 13.2%-Yielding Mortgage CEF
Western Asset Mortgage Opportunity Fund has increased its distribution for the fourth consecutive time. DMO primarily allocates to non-agency residential mortgages, with a smaller holding in commercia...
Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of March 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
CEF Weekly Review: Price Chart Is Not A Good Guide To CEF Allocation
We review CEF market valuation and performance through the fourth week of April and highlight recent market action. CEFs were mostly up on the week, however remain in the red through the month. Invest...
Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Effective March 1, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:
DMO: 12% Yielding GSE Risk Transfer Mortgage Fund (Rating Upgrade)
Western Asset Mortgage Opportunity Fund Inc. is a fixed income CEF focused on mortgage bonds that offers a supported 12% yield. DMO pursues a different strategy than most mortgage funds by purchasing ...
The Month In Closed-End Funds: January 2024
For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs ...
Key Decision Factors For CEF Allocation In Today's Market
The price action in the CEF market over the last few months has been fast and furious. We revisit the key decision factors of income investing that can streamline and organize the allocation process a...
DMO: Another Distribution Hike For This 13.4% Yielding CEF, Though Likely Its Last
DMO allocates primarily to residential mortgage assets. It has delivered a third distribution hike in a row, equating to a 13.4% yield on price. The fund's primarily residential mortgage allocation pr...
PIMCO CEF Update: ARPS Go On The Chopping Block
We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stable. PIMCO is doing a tender offer of their very exp...
CEF Weekly Review: The Real Risk For Term CEFs
We review CEF market valuation and performance through the first week of August and highlight recent market action. The CEF rally paused this week due to the Fitch downgrade and lower than expected jo...
CEF Weekly Review: Don't Handicap CEF Returns
We review CEF market valuation and performance through the last week of July and highlight recent market action. CEFs continued to march higher this week, closing out July in good form. CEF returns sh...
DMO: Recent Hike Pushes The Yield On This Mortgage CEF Above 11.5%
We last discussed DMO about a year ago, highlighting the strong potential for a dividend hike due to a rising net income trajectory. As expected, the fund has indeed hiked the distribution which, alon...
DMO: Discount Narrowing Drives Results
The Western Asset Mortgage Opportunity Fund has seen its discount narrow from the deepest levels it was at previously. The fund increased its distribution despite coverage still coming in light, thoug...
Franklin Templeton Closed-End Funds Announce Share Repurchases for the Second Quarter of 2023
NEW YORK--(BUSINESS WIRE)--The following Funds announced today their share repurchase activity during the second quarter of 2023.
CEF Weekly Review: Term CEFs Continue To Be Misunderstood
We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.
Closed-End Fund: April 2023 Check On Valuation
Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experience...
DMO: Deeper Discount, But Risks Also Increase
DMO is invested in mortgages, both residential and commercial MBS, as well as other mortgage-related debt securities. With all the uncertainty, a wider discount could be appropriate as credit risks be...
CEF Weekly Review: More Of The Same On The Distribution Front
We review CEF market valuation and performance through the second week of March and highlight recent market action. CEFs mostly struggled, outside of the higher-quality sectors as two bank failures sp...
CEF Weekly Review: Wide Discounts Make Rights Offerings Necessary
We review CEF market valuation and performance through the third week of January and highlight recent market action. CEFs had another strong week with most sectors seeing both NAV gains and discount t...
Franklin Templeton Closed-End Funds Announce Share Repurchases for the Fourth Quarter of 2022
NEW YORK--(BUSINESS WIRE)--The following Funds announced today their share repurchase activity during the fourth quarter of 2022.