Western Asset Mortgage Capital (WMC) Declares $0.31 Quarterly Dividend; 12.5% Yield

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

March 23, 2017 4:15 PM EDT

PASADENA, Calif., March 23, 2017 /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 first quarter of 2017. Today's dividend is payable on April 26, 2017 to common shareholders of record as of April 3, 2017, with an ex-dividend date of March 30, 2017.   

In addition, the Company estimates that its book value per share, as of February 28, 2017, was approximately $10.74.  The February 28, 2017 estimated book value is unaudited, has not been verified or reviewed by any third party and is subject to normal... More