Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, Western Asset Mortgage Defined Opportunity Fund ( DMO) will trade ex-dividend, for its monthly dividend of $0.15, payable on 10/25/13. As a percentage of DMO's recent stock price of $22.12, this dividend works out to approximately 0.68%, so look for shares of Western Asset Mortgage Defined Opportunity Fund to trade 0.68% lower — all else being equal — when DMO shares open for trading on 10/16/13.Below is a dividend history chart for DMO, showing historical dividends prior to the most recent $0.15 declared by Western Asset Mortgage Defined Opportunity Fund: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DMO is likely to continue, and whether the current estimated yield of 8.14% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DMO shares, versus its 200 day moving average: Looking at the chart above, DMO's low point in its 52 week range is $21.35 per share, with $27.56 as the 52 week high point — that compares with a last trade of $22.15.
Three Months Free, a $100 Value, Just Submit Your Top Stock Pick! (Offer ends 11/10/2013) In Monday trading, Western Asset Mortgage Defined Opportunity Fund shares are currently off about 0.2% on the day.