Western Asset Mortgage Capital (WMC) Declares $0.31 Quarterly Dividend; 13% Yield

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Western Asset Mortgage Capital Corporation Declares Second Quarter Dividend Of $0.31 Per Share

June 23, 2016 4:20 PM EDT

PASADENA, Calif., June 23, 2016 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company") (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.31 per share for the second quarter of 2016. Today's dividend is payable on July 26, 2016 to common shareholders of record as of July 5, 2016, with an ex-dividend date of June 30, 2016.   

In addition, the Company estimates that its book value per share, as of May 31, 2016, was approximately $11.19.  The May 31, 2016 estimated book value is unaudited which has not been verified or reviewed by any third party and is subject to... More