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|Western Asset Mortgage Capital Enters Oversold Territory
Monday, August 24, 1:01 PM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
First Week of April 2016 Options Trading For Western Asset Mortgage Capital (WMC)
Thursday, August 27, 11:12 AM ET, by Market News Video Staff
Investors in Western Asset Mortgage Capital Corp (WMC) saw new options become available this week, ...
Western Asset Mortgage Capital Stock Sees Short Interest Drop 15.2%
Thursday, August 27, 4:22 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 08/14/2015 ...
Western Asset Mortgage Capital Stock Sees Short Interest Expand By 21.4%
Tuesday, September 15, 4:00 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 08/31/2015 ...
Western Asset Mortgage Capital Named Top Dividend Stock With Insider Buying and 19.05% Yield (WMC)
Thursday, September 24, 2:24 PM ET, by Market News Video Staff
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then ...
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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