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WAMC Bumps Quarterly Dividend

By Eric Volkman - Apr 2, 2013 at 7:33PM

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The mortgage REIT lifts its disbursement by $0.05.

Western Asset Mortgage Capital (WMC -0.81%) has opened its coffers for a fresh dividend. The company will distribute $0.95 per share of its stock on April 12 to shareholders of record as of April 10. This is $0.05, or 6%, higher than the $0.90 the firm dispensed in its most recent regular quarterly payout this past January, although it also passed along a $0.22-per-share additional dividend at that time.

Prior to that, the company handed out $0.85 per share in September and $0.38 the previous month.

The new dividend annualizes to $3.80 per share. That yields 16.3% at Western Asset Mortgage Capital's current stock price of $23.29. 

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Western Asset Mortgage Capital Corporation Stock Quote
Western Asset Mortgage Capital Corporation
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