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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 ...
This Stock Has A 17.76% Yield And Sells For Less Than Book
By Dividend Channel Staff, Wednesday, November 14, 9:47 AM ET
Western Asset Mortgage Capital Corp (NYSE:WMC) has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among REITs, WMC shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent WMC share price of $19.15 represents a price-to-book ratio of 0.9 and an annual dividend yield of 17.76% — by comparison, the average stock in Dividend Channel's coverage universe yields 4.0% and trades at a price-to-book ratio of 1.9. The report also cited the strong quarterly dividend history at Western Asset Mortgage Capital Corp, and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
REITs hold a special place in the hearts of dividend investors, because they must distribute at least 90% of their taxable income each year to shareholders as dividends. While this can make for a high dividend yield, it also introduces some volatility and uncertainty into the level of payments from year to year — huge dividend payouts are common when a REIT turns large profits, versus smaller payouts or even periods of no dividends in times of losses.
The current annualized dividend paid by Western Asset Mortgage Capital Corp is $3.40/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/27/2012. Below is a long-term dividend history chart for WMC, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
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