Western Asset Mortgage maintains $0.90 dividend

|About: Western Asset Mortgage C... (WMC)|By:, SA News Editor

Western Asset Mortgage (WMC) maintains its quarterly dividend at $0.90 per share. Annualized, that's a modest 21.4% yield based on today's close of $16.85.

"Yesterday's policy statement from the Fed was consistent with our view of the overall economy, and therefore the corresponding rally in the RMBS market was not unexpected," says CEO Gavin James. "We continue to believe that the mortgage market offers attractive valuations and are pleased with the position of our portfolio."