Western Asset Mortgage Capital (WMC) Declares $0.31 Quarterly Dividend; 12.7% Yield

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

March 22, 2018 4:15 PM EDT

PASADENA, Calif., March 22, 2018 /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 2018. Today's dividend is payable on April 26, 2018 to common shareholders of record as of April 2, 2018, with an ex-dividend date of March 29, 2018.   

In addition, the Company estimates that its book value per share, as of February 28, 2018, was approximately $11.75. The February 28, 2018 estimated book value is unaudited, has not been verified or reviewed by any third party and is subject... More