Western Asset Mortgage Capital Corporation (NYSE:WMC) will begin trading ex-dividend on December 24, 2020. The quarterly dividend payment of $ 0.06 per share is scheduled to be paid on January 26, 2021. The dividend yield based on the latest trading day closing price was 7.19 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 24, 2020.
Dividends History
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Western Asset Mortgage Capital Corporation recently reported third quarter financial results on November 5, 2020, after market close, real estate investment trust came out with income for the third quarter of $ 0.10 per share, from the revenue of $ 10.12 million. The quarterly earnings down 64.29 percent while revenues reduced 38.93 percent compared with the same quarter last year.
According to street consensus, WMC was expected to report 3Q20 income of $ 0.07 per share from revenue of $ 13.80 million. The bottom line results beat street analysts by $ 0.03 or 42.86 percent, at the same time, top line results fell short of analysts by $ 3.68 million or 26.67 percent.
Stock Performance
Shares of Western Asset Mortgage Capital Corporation traded up $ 0.05 or 1.52 percent on Tuesday, reaching $ 3.34 with volume of 1.01 million shares. Western Asset Mortgage Capital Corporation has traded high as $ 3.34 and has cracked $ 3.22 on the downward trend
According to the previous trading day, closing price of $ 3.34, representing a 140.15 % increase from the 52 week low of $ 1.37 and a 70.96 % decrease over the 52 week high of $ 11.33.
The company has a market capital of $ 203.11 million and is part of the Real Estate sector and REIT – Diversified industry.
Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets. The company qualifies as a real estate investment trust for federal income tax purposes.
