Western Asset estimates book value of $15.18 per share

Along with announcing a quarterly dividend of $0.67 per share - down from last quarter, but that's after a 10.5% increase in shares from the stock portion of Q4's payout - Western Asset Management (WMC) estimates book value per share as of the end of February at $15.18. The stock closed at $16.74 today, putting the shares at a relatively lofty 1.1x book value.

Shares -1.3% AH

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Comments (2)
  • elprez2
    , contributor
    Comments (25) | Send Message
    Every one whom is voicing negative comments should just cool their jets.. it's perfect logical for Div to be reduced because of the big stock div..there is no free lunch here..we all picked up some nice freebie portfolio enhancement and now we have to navigate with the new ballgame..as far as new game we should not forget that the insider who just purchased a large chunk wasn't just an insider..he is the CFO and if he doesn't know what to expect down the road no one should..when this all settles it is going to be a great place to add more WMC .. .67 div ain't too bad
    21 Mar 2014, 10:09 AM Reply Like
  • rgaryk
    , contributor
    Comments (3) | Send Message
    10-4 - it means message received and understood.
    24 Mar 2014, 07:15 PM Reply Like
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