By a News Reporter-Staff News Editor at Investment Weekly News -- Western Asset Mortgage Capital Corporation (NYSE: WMC) announced that its Board of Directors has declared a cash dividend of $0.67 per share for the second quarter of 2014. Today's dividend is payable on July 29, 2014 to common shareholders of record as of June 30, 2014, with an ex-dividend date of June 26, 2014.
The Company also announced its estimated book value per share, as of May 31, 2014 was approximately $15.44. The May 31, 2014 book value is unaudited and is only an estimate which has not been verified or reviewed by any third party and is subject to normal quarterly reconciliation and other procedures. Further, the estimated book value is as of May 31, 2014 and does not reflect the dividend announced. Book value will fluctuate with market conditions, the results of the Company's operations and other factors. The Company's current book value may be materially different from the May 31, 2014 estimated book value.
ABOUT WESTERN ASSET MORTGAGE CAPITAL CORPORATION
Western Asset Mortgage Capital Corporation is a REIT that invests primarily in Agency RMBS, which are residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency (such as GNMA) or a U.S. Government-sponsored entity (such as FNMA or FHLMC). The Company also invests in residential mortgage-backed securities that are not guaranteed by a U.S. Government agency or sponsored entity and commercial mortgage-backed securities. In the future, it may opportunistically invest in other asset-backed securities. The Company is externally managed and advised by Western Asset Management Company, an investment advisor registered with the SEC and a wholly-owned subsidiary of Legg Mason, Inc.
Keywords for this news article include: Real Estate, Investment Companies, Western Asset Mortgage Capital Corporation.
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