Western Asset Mortgage: Dividend Insights

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Wednesday marks the last chance for investors to receive the next dividend payout from Western Asset Mortgage (NYSE:WMC).

What's Happening

The company announced on Thursday that it would pay shareholders a quarterly dividend of 14 cents per share. On Thursday, Western Asset Mortgage will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own WMC as of the end of Wednesday's session are eligible to receive the 14 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on November 08, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

See current stock movements Western Asset Mortgage on Benzinga.

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