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DMO / DMO: Recent Hike Pushes The Yield On This Mortgage CEF Above 11.5%

We last discussed DMO about a year ago, highlighting the strong potential for a dividend hike due to a rising net income trajectory. As expected, the fund has indeed hiked the distribution which, along with its wide discount, translates to a 11.55% current yield as of this writing. The fund's primarily residential mortgage allocation provides an attractive diversifier in income portfolios and is anchored off strong household credit metrics. Read More

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Posted: Aug 3 2023, 04:08

Author Name: Seeking Alpha

DMO News

By Seeking Alpha
September 1, 2023

PIMCO CEF Update: ARPS Go On The Chopping Block

We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stabl

By Seeking Alpha
August 6, 2023

CEF Weekly Review: Don't Handicap CEF Returns

We review CEF market valuation and performance through the last week of July and highlight recent market action. CEFs continued to march higher this w

By Seeking Alpha
August 3, 2023

DMO: Recent Hike Pushes The Yield On This Mortgage CEF Above 11.5%

We last discussed DMO about a year ago, highlighting the strong potential for a dividend hike due to a rising net income trajectory. As expected, the

By Seeking Alpha
July 20, 2023

DMO: Discount Narrowing Drives Results

The Western Asset Mortgage Opportunity Fund has seen its discount narrow from the deepest levels it was at previously. The fund increased its distribu

By Seeking Alpha
March 27, 2023

DMO: Deeper Discount, But Risks Also Increase

DMO is invested in mortgages, both residential and commercial MBS, as well as other mortgage-related debt securities. With all the uncertainty, a wide

By Seeking Alpha
December 27, 2022

DMO: Strong Long-Term Results, But Mixed More Recently

DMO was a fund brought up recently that has interested me in the past, but one that I've never covered. Over the long-term, this is the best-performin

By Seeking Alpha
December 26, 2022

DMO: Not Your Usual Mortgage Fund, 11% Yield

Western Asset Mortgage Opportunity Fund Inc. (DMO) is a closed end fund focused on mortgages. Unlike some of its peers in the space, DMO takes on sign

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