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Analyzing Western Asset Mortgage's Ex-Dividend Date

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Western Asset Mortgage (NYSE:WMC) declared a dividend payable on January 26, 2021 to its shareholders as of December 17, 2020. It was also announced that shareholders of Western Asset Mortgage's stock as of December 28, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. Western Asset Mortgage, whose current dividend payout is $0.06, has an ex-dividend date set at December 24, 2020. The payout equates to a dividend yield of 7.14% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Western Asset Mortgage's Dividend History

Over the past year, Western Asset Mortgage has seen its dividend payouts and yields descend downward overall. Last year on June 28, 2019 the company's payout sat at $0.31, which has since decreased by $0.25. Western Asset Mortgage's dividend yield last year was 12.0%, which has since declined by 4.86%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted-In: BZI-ExDivDividends