Western Asset estimates book value of $15.18 per share

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

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