Ex-Div Reminder for Western Asset Mortgage Capital (WMC)

Looking at the universe of stocks we cover at Dividend Channel, on 10/1/14, Western Asset Mortgage Capital Corp ( WMC) will trade ex-dividend, for its quarterly dividend of $0.70, payable on 10/28/14. As a percentage of WMC's recent stock price of $15.11, this dividend works out to approximately 4.63%, so look for shares of Western Asset Mortgage Capital Corp to trade 4.63% lower — all else being equal — when WMC shares open for trading on 10/1/14.

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Below is a dividend history chart for WMC, showing historical dividends prior to the most recent $0.70 declared by Western Asset Mortgage Capital Corp:

WMC+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from WMC is likely to continue, and whether the current estimated yield of 18.53% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of WMC shares, versus its 200 day moving average:

Western Asset Mortgage Capital Corp 200 Day Moving Average Chart

Looking at the chart above, WMC's low point in its 52 week range is $13.50 per share, with $17.48 as the 52 week high point — that compares with a last trade of $15.07.

According to the ETF Finder at ETF Channel, WMC makes up 1.12% of the iShares Mortgage Real Estate Capped ETF ( REM) which is trading lower by about 0.3% on the day Monday.

In Monday trading, Western Asset Mortgage Capital Corp shares are currently off about 0.3% on the day.

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