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|Look Under The Hood: MORT Has 12% Upside
Friday, April 22, 7:44 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Western Asset Mortgage Capital is Now Oversold (WMC)
Friday, May 6, 12:01 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Short Interest Moves 10.5% Lower For WMC
Wednesday, May 25, 2:30 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 05/13/2016 settlement date, which ...
Western Asset Mortgage Capital Corp About To Put More Money In Your Pocket
Tuesday, June 28, 10:02 AM ET, by Market News Video Staff
On 6/30/16, Western Asset Mortgage Capital Corp (WMC) will trade ex-dividend, for its quarterly dividend ...
WMC Breaks Above 13% Yield Territory
Wednesday, June 29, 3:10 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Western Asset Mortgage Capital Corp (WMC) were yielding above ...
Dividend Channel Identifies Oversold Conditions For Top 10th Percentile Ranked Dividend Stock WMC
By Dividend Channel Staff, Thursday, November 8, 5:25 PM ET
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Western Asset Mortgage Capital Corp (NYSE:WMC) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Western Asset Mortgage Capital Corp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of WMC entered into oversold territory, changing hands as low as $19.91 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Western Asset Mortgage Capital Corp, the RSI reading has hit 30.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.9. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, WMC's recent annualized dividend of 3.40/share (currently paid in quarterly installments) works out to an annual yield of 16.57% based upon the recent $20.53 share price.
A bullish investor could look at WMC's 30.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on WMC is its dividend history.
In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
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