Western Asset Mortgage Capital (WMC) Declares $0.31 Quarterly Dividend; 11.4% Yield

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

September 22, 2016 4:16 PM EDT

PASADENA, Calif., Sept. 22, 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 third quarter of 2016. Today's dividend is payable on October 25, 2016 to common shareholders of record as of October 4, 2016, with an ex-dividend date of September 30, 2016.   

In addition, the Company estimates that its book value per share, as of August 31, 2016, was approximately $11.54.  The August 31, 2016 estimated book value is unaudited, has not been verified or reviewed by any third party and is subject to normal... More