Cash Dividend On The Way From Western Asset Mortgage Capital (WMC)

Looking at the universe of stocks we cover at Dividend Channel, on 6/25/15, Western Asset Mortgage Capital Corp (WMC) will trade ex-dividend, for its quarterly dividend of $0.64, payable on 7/28/15. As a percentage of WMC's recent stock price of $15.46, this dividend works out to approximately 4.14%, so look for shares of Western Asset Mortgage Capital Corp to trade 4.14% lower — all else being equal — when WMC shares open for trading on 6/25/15.

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Below is a dividend history chart for WMC, showing historical dividends prior to the most recent $0.64 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 16.56% 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 $13.25 per share, with $15.81 as the 52 week high point — that compares with a last trade of $15.44.

According to the ETF Finder at ETF Channel, WMC makes up 2.38% of the SuperDividend U.S. ETF ( DIV) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Western Asset Mortgage Capital Corp shares are currently trading flat on the day.

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