Western Asset Mortgage Capital Maintains Dividend

Western Asset Mortgage Capital (NYSE: WMC  ) has elected to stick to its existing dividend policy. The real estate investment trust has declared a distribution of $0.90 per share for its third quarter, to be paid on October 29 to shareholders of record as of September 30. That amount matches the company's previous disbursement, which was paid at the end of July. Prior to that, Western Asset was more generous by $0.05, handing out $0.95 per share.

The REIT has been paying quarterly dividends consistently since first declaring them in July 2012. That payout has ranged from $0.38 to $0.95 per share.

The just-declared distribution annualizes to $3.60 per share. That yields 21.4% at Western Asset's most recent closing stock price of $16.85.


Read/Post Comments (0) | Recommend This Article (1)

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: 2646453, ~/Articles/ArticleHandler.aspx, 10/23/2014 11:52:06 AM

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...


Advertisement