Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

WAMC Declares Q2 Dividend

Western Asset Mortgage Capital (NYSE: WMC  ) has shaved its dividend. The company has declared a payout for its Q2 of $0.90 per share, to be paid on July 29 to shareholders of record as of July 1. That amount is $0.05, or 5%, lower than the mortgage REIT's previous distribution of $0.95, which was handed out at the end of April.

Western Asset also said that, starting with this dividend announcement, it would provide estimated book value as of the end of the second month of the relevant quarter. For Q2, this figure (as of May 31) was roughly $19.25.

The just-declared dividend annualizes to $3.60 per share. That yields 20.5% at Western Asset's most recent closing stock price of $17.55.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2504112, ~/Articles/ArticleHandler.aspx, 5/29/2015 4:32:33 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...