SmarterDividends
DMO

Western Asset Mortgage Opportunity Fund Inc.

DMO

Financial Services · Asset Management · Stock · monthly payer

$9.72

Undervalued · +66% Add to Portfolio

Forward Yield

14.81%

Annual Dividend

$1.44

Payout Ratio

173%

5-Yr Growth

-0.1%

Ex-Date

Oct 23, 2026

Frequency

Monthly

Key facts about DMO's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Western Asset Mortgage Opportunity Fund Inc. (DMO) has a forward dividend yield of 14.81%, based on an annual dividend of $1.44 per share and a share price of $9.72.
  • As of Oct 18, 2026, DMO's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
  • By SmarterDividends' count, Western Asset Mortgage Opportunity Fund Inc. (DMO) has raised its dividend for 3 consecutive years as of Oct 18, 2026.
  • DMO last cut its regular dividend in 2022.
  • DMO's next ex-dividend date is Oct 23, 2026, with payment on Oct 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 18, 2026, DMO pays out 173% of its trailing 12-month earnings as dividends (its payout ratio).
  • DMO's dividend has shrunk at an average rate of 0.1% a year over the past five years.
  • As of Oct 18, 2026, DMO's 14.81% yield is 30% above its five-year average yield of 11.42%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for DMO is $16.15 per share, 66% above the $9.72 share price, so DMO screens as undervalued.
  • Western Asset Mortgage Opportunity Fund Inc. (DMO) pays its dividend monthly, 12 times a year.
  • Western Asset Mortgage Opportunity Fund Inc. (DMO) has raised its regular dividend 10 times and cut it 12 times across the 203 payments on record since 2010. Its most recent change was a 7.7% cut to $0.120 per share, going ex-dividend on Dec 23, 2025.
Cite this page

SmarterDividends, "DMO Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/DMO

Summary

As of Oct 18, 2026, Western Asset Mortgage Opportunity Fund Inc. (DMO) yields 14.81% ($1.44 a year per share), has a dividend safety grade of D (46/100) and has 3 consecutive years of dividend increases on record.

Is DMO a good dividend stock?

Mixed

Western Asset Mortgage Opportunity Fund Inc. (DMO) pays a monthly dividend yielding 14.81% ($1.44/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2022
    • Elevated payout ratio (173%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    14.81%
    Payout Ratio
    173%
    Annual Dividend
    $1.44
    5-Yr Avg Growth
    -0.1%
    Ex-Dividend Date
    Oct 23, 2026
    Years of Growth
    3
    Frequency
    monthly
    Beta
    0.39
    Market Cap
    $111.1M
    P/E Ratio
    11.3
    5-Yr Total Return
    -38%
    52-Week Range
    $9.29 – $12.08
    Dividend Safety
    D · 46/100
    Ever Cut?
    Yes (2022)

    DMO dividend raises and cuts

    Western Asset Mortgage Opportunity Fund Inc. (DMO) has raised its regular dividend 10 times and cut it 12 times across the 203 payments on record since 2010. Its most recent change was a 7.7% cut to $0.120 per share, going ex-dividend on Dec 23, 2025.

    Ex-dateChangeOld → newMove
    Dec 23, 2025Cut$0.130 → $0.120−7.7%
    Jun 21, 2024Raise$0.125 → $0.130+4.0%
    Mar 20, 2024Raise$0.120 → $0.125+4.2%
    Dec 20, 2023Raise$0.115 → $0.120+4.3%
    Sep 21, 2023Raise$0.105 → $0.115+9.5%
    Jun 22, 2023Raise$0.100 → $0.105+5.0%
    Jun 22, 2022Cut$0.105 → $0.100−4.8%
    Mar 23, 2022Cut$0.113 → $0.105−7.1%
    Sep 22, 2020Cut$0.128 → $0.113−11.7%
    Jun 22, 2020Cut$0.140 → $0.128−8.6%
    Mar 23, 2020Cut$0.150 → $0.140−6.7%
    Sep 19, 2019Cut$0.160 → $0.150−6.3%
    Show all 22 changes since 2011
    Ex-dateChangeOld → newMove
    Jun 20, 2019Cut$0.175 → $0.160−8.6%
    Dec 20, 2018Cut$0.190 → $0.175−7.9%
    Jun 21, 2018Cut$0.205 → $0.190−7.3%
    Mar 22, 2018Cut$0.225 → $0.205−8.9%
    Sep 21, 2017Cut$0.235 → $0.225−4.3%
    Mar 16, 2016Raise$0.210 → $0.235+11.9%
    Jun 17, 2015Raise$0.180 → $0.210+16.7%
    Mar 18, 2015Raise$0.160 → $0.180+12.5%
    Jun 18, 2014Raise$0.150 → $0.160+6.7%
    Sep 21, 2011Raise$0.140 → $0.150+7.1%
    Every DMO payment →Download every raise and cut (CSV)
    DMO ex-dividend date & scheduleNext ex-date Oct 23, 2026 · full ex-dividend historyView →DMO dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is DMO a good dividend stock?

    Mixed. Western Asset Mortgage Opportunity Fund Inc. (DMO) pays a monthly dividend yielding 14.81% ($1.44/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is DMO undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DMO's fair value is about $16.15 versus a $9.72 share price — so it looks undervalued (+66% vs. fair value).

    Is DMO's dividend safe?

    DMO has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

    What is DMO's fair value?

    Our blended fair-value estimate for DMO is about $16.15 per share, roughly 66% above the current $9.72 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is DMO a buy, hold, or sell?

    We don't issue formal ratings, but on the data DMO screens as "mixed" and undervalued. Western Asset Mortgage Opportunity Fund Inc. (DMO) pays a monthly dividend yielding 14.81% ($1.44/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will DMO cut its dividend?

    DMO earns a dividend-safety grade of D (46/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does DMO pay a dividend?

    Yes. Western Asset Mortgage Opportunity Fund Inc. pays a monthly dividend of about $1.44 per share annually, a forward yield of roughly 14.81%.

    What is DMO's dividend yield?

    As of Oct 18, 2026, DMO's forward dividend yield is 14.81%, based on a $1.44 annual dividend and a $9.72 share price.

    What is DMO's dividend per share?

    As of Oct 18, 2026, DMO pays $1.44 per share per year, distributed on a monthly basis.

    What is DMO's dividend payout ratio?

    As of Oct 18, 2026, DMO's payout ratio is 173% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has DMO grown its dividend?

    As of Oct 18, 2026, DMO has increased its dividend for 3 consecutive years.

    When is the next DMO ex-dividend date?

    As of Oct 18, 2026, the next ex-dividend date on record for DMO is Oct 23, 2026.

    Income Calculator

    At $1.44 / yr per share

    Per payment (monthly)$12.00
    Annual$144.00
    Monthly avg$12.00

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