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|Short Interest Declines 18% For WMC
Monday, December 28, 5:08 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 12/15/2015 ...
Relative Strength Alert For Western Asset Mortgage Capital
Friday, January 15, 11:50 AM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
First Week of March 18th Options Trading For Western Asset Mortgage Capital (WMC)
Friday, January 22, 10:55 AM ET, by Market News Video Staff
Investors in Western Asset Mortgage Capital Corp (WMC) saw new options begin trading this week, ...
Surprising Analyst 12-Month Target For DIV
Thursday, February 25, 7:41 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Noteworthy Wednesday Option Activity: WMC, ACN, CNC
Wednesday, March 23, 3:38 PM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
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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