Western Asset Mortgage Capital (WMC) Declares $0.31 Quarterly Dividend; 11.9% Yield

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

December 22, 2016 4:15 PM EST

PASADENA, Calif., Dec. 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 fourth quarter of 2016. Today's dividend is payable on January 26, 2017 to common shareholders of record as of January 3, 2017, with an ex-dividend date of December 29, 2016.   

In addition, the Company estimates that its book value per share, as of November 30, 2016, was approximately $10.77.  The November 30, 2016 estimated book value is unaudited, has not been verified or reviewed by any third party and is subject to normal... More