Western Asset Stock Price, News & Analysis

Western Asset Mortgage Capital Corporation (NYSE: WMC) has declared a cash dividend of $0.35 per share for Q1 2023, payable on April 26, 2023, to shareholders on record as of April 3, 2023. The ex-dividend date is set for March 31, 2023. Additionally, the company's estimated GAAP book value per share as of February 28, 2023, is approximately $16.95. This figure is unaudited and subject to change based on market conditions and operational results.

Western Asset Mortgage Capital Corporation (WMC) reported its fourth-quarter and full-year 2022 results, demonstrating a commitment to strengthening liquidity and balancing its investments amid challenging market conditions.

The company completed securitizations of $834.2 million in Residential Whole Loans, securing $750.8 million in long-term fixed-rate financing. However, it faced a GAAP net loss of $828,000 for Q4 2022 and an annual loss of $89.1 million. The GAAP book value per share declined by 3.2% in Q4 and 46% for the year. Despite these challenges, WMC declared a total annual dividend of $1.60 per share, yielding approximately 17.6% based on its stock price.

Western Asset Mortgage Capital Corporation (NYSE: WMC) will release its fourth-quarter and annual financial results on March 2, 2023, after market closure. A live webcast conference call is scheduled for March 3, 2023, at 11:00 a.m. ET, where executives will discuss the financial results. Investors can pre-register for the call to expedite entry. A replay of the call will be available until March 10, 2023. The company is focused on investments in residential real estate, including non-qualified mortgage loans and non-agency RMBS. For further details, visit westernassetmcc.com.

Western Asset Mortgage Capital Corporation (NYSE: WMC) announced the tax treatment of its common stock dividends declared in 2022, aiding stockholders with tax reporting obligations. Stockholders will receive IRS Form 1099-DIV from their brokers, reflecting the following distributions:

• January 26, 2022: $0.0600 per share
• April 26, 2022: $0.0400 per share
• July 25, 2022: $0.0400 per share
• October 26, 2022: $0.4000 per share

The total qualified dividends and non-qualified dividends are provided, along with a suggestion to consult tax advisors for personalized tax impacts.

Western Asset Mortgage Capital Corporation (NYSE: WMC) announced a cash dividend of $0.40 per share for Q4 2022, payable on January 26, 2023 to shareholders of record as of January 3, 2023. The ex-dividend date is December 30, 2022. Additionally, the estimated GAAP book value per share as of November 30, 2022 is approximately $16.82, subject to fluctuations based on market conditions and operations. This value is unaudited and may differ significantly from current valuations.

Western Asset Mortgage Capital Corporation (WMC) reported its third-quarter results, revealing a GAAP net loss of $40.0 million or $6.63 per share, impacted by rising interest rates. The GAAP book value per share decreased 30.2% to $16.22. The company executed a reverse stock split and recent strategic alternatives review aimed at enhancing shareholder value. Highlights include $41.3 million from residential loan sales and a declared dividend of $0.40 per share, resulting in a yield of approximately 14.3%. Unrestricted cash stood at $28.6 million post-retirement of 2022 Notes.

Western Asset Mortgage Capital Corporation (NYSE: WMC) will release its third-quarter financial results for the period ending September 30, 2022, after market close on November 3, 2022. A conference call will follow on November 4, 2022, at 12:00 p.m. ET, where the results will be discussed. Investors can pre-register for the call to streamline their participation. A replay of the call will be available until November 11, 2022. The company focuses on a diverse portfolio of residential real estate-related investments.

Western Asset Mortgage Capital Corporation (NYSE: WMC) has declared a cash dividend of $0.40 per share for Q3 2022, payable on October 26, 2022, to shareholders of record as of October 3, 2022. The ex-dividend date is September 30, 2022. As of August 31, 2022, the estimated GAAP book value per share is approximately $22.02. Note that this is unaudited and subject to changes.