Key Developments: Western Asset Mortgage Capital Corp (WMC.N)

WMC.N on New York Stock Exchange

16.54USD
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Price Change (% chg)

$0.33 (+2.04%)
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$16.21
Open
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$16.65
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$16.26
Volume
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$24.72
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$15.05

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Latest Key Developments (Source: Significant Developments)

Western Asset Mortgage Capital Corp Declares Second Quarter Dividend Of $0.90 Per Share
Thursday, 20 Jun 2013 05:17pm EDT 

Western Asset Mortgage Capital Corp announced that its Board of Directors has declared a cash dividend of $0.90 per share for the second quarter of 2013. This dividend is payable on July 29, 2013 to common shareholders of record as of July 1, 2013, with an ex-dividend date of June 27, 2013.  Full Article

Western Asset Mortgage Capital Corp Declares First Quarter Dividend Of $0.95 Per Share
Tuesday, 2 Apr 2013 06:00am EDT 

Western Asset Mortgage Capital Corp announced that its Board of Directors has declared a quarterly cash dividend of $0.95 per share for the first quarter of 2013. The dividend is payable on April 30, 2013 to common shareholders of record as of April 12, 2013, with an ex-dividend date of April 10, 2013.  Full Article

Western Asset Mortgage Capital Corp Declares Regular Dividend
Wednesday, 6 Mar 2013 08:00am EST 

Western Asset Mortgage Capital Corp announced that it has declared a regular dividend of $0.90 per share of common stock and an additional dividend of $0.22 per share of common stock with respect to the quarter ended December 31, 2012. Since inception WMC has declared and paid total dividends of $39.8 million or $2.35 a share.  Full Article

Western Asset Mortgage Capital Corp Declares Fourth Quarter Dividend Of $0.90 Per Share And Additional Dividend Of $0.22 Per Share; Acquires Agency Residential Mortgage Backed Securities
Wednesday, 19 Dec 2012 04:05pm EST 

Western Asset Mortgage Capital Corp announced that its Board of Directors has declared a regular quarterly cash dividend of $0.90 per share for the fourth quarter of 2012 and an additional dividend of $0.22 per share. These dividends are payable on January 29, 2013 to common shareholders of record as of December 31, 2012 , with an ex-dividend date of December 27, 2012 . In addition, the Company announced that for the first time it recently acquired some non-Agency residential mortgage-backed securities for the purposes of seeking to assist in hedging against higher interest rates.  Full Article

Western Asset Mortgage Capital Corp Announces Share Repurchase Program
Monday, 19 Nov 2012 08:00am EST 

Western Asset Mortgage Capital Corp announced that its Board of Directors has authorized the repurchase of up to 2.4 million shares of its common stock through December 31, 2013.  Full Article

Western Asset Mortgage Capital Corp Announces Closing Of Public Offering Of Common Stock
Wednesday, 3 Oct 2012 04:05pm EDT 

Western Asset Mortgage Capital Corp announced that it closed a public offering of 13,800,000 shares of its common stock, including 1,800,000 shares pursuant to an option that was fully exercised by the underwriters, at a public offering price of $22.20 per share, for total net proceeds of approximately $301 million after deduction of underwriting discounts and commissions and estimated expenses. The Company intends to use the net proceeds of the offering primarily to purchase Agency RMBS (residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency or sponsored entity) and may, at opportunistic times, also purchase its potential target assets (as described below). Deutsche Bank Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Jefferies & Company, Inc. acted as the joint book runners for the offering.  Full Article

Western Asset Mortgage Capital Corp Announces Public Offering Of 12,000,000 Shares Of Common Stock
Thursday, 27 Sep 2012 04:20pm EDT 

Western Asset Mortgage Capital Corp announced that it has commenced a public offering of 12,000,000 shares of common stock. Western Asset Mortgage Capital Corporation also plans to grant the underwriters an option to purchase up to an additional 1,800,000 shares of common stock. The Company intends to use the net proceeds of the offering primarily to purchase Agency RMBS (residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency or sponsored entity) and may, at opportunistic times, also purchase its potential target assets (as described below). Deutsche Bank Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Jefferies & Company, Inc. are acting as the joint book runners for the offering.  Full Article

Western Asset Mortgage Capital Corp Declares Third Quarter Dividend Of $0.85 Per Share
Thursday, 20 Sep 2012 04:05pm EDT 

Western Asset Mortgage Capital Corp announced that its Board of Directors has declared a cash dividend of $0.85 per share for the third quarter of 2012. This dividend is payable on October 25, 2012 to common shareholders of record as of October 1, 2012, with an ex-dividend date of September 27, 2012.  Full Article

Western Asset Mortgage Capital Corp Declares $0.38 Initial Dividend
Thursday, 26 Jul 2012 04:15pm EDT 

Western Asset Mortgage Capital Corp announced that its Board of Directors has declared a cash dividend of $0.38 per share for the period from May 15, 2012 through June 30, 2012, following the closing of the Company's initial public offering (IPO) and concurrent private placement. The second quarter 2012 dividend is payable on August 14, 2012 to common shareholders of record as of August 6, 2012, with an ex-dividend date of August 2, 2012.  Full Article

Western Asset Mortgage Capital Corp Announces Chief Financial Officer Change-Form 8-K
Thursday, 31 May 2012 07:19pm EDT 

Western Asset Mortgage Capital Corp reported in its Form 8-K that on May 25, 2012, Western Asset Mortgage Capital Corporation (Company) appointed Steven M. Sherwyn as Chief Financial Officer (CFO) and Treasurer, effective June 25, 2012. Mr. Sherwyn will also serve as the Company’s principal accounting officer, effective June 25, 2012. Bruce D. Alberts, the Company’s current Chief Financial Officer, will continue to serve in that role until that date and will thereafter continue to serve as Chief Financial Officer for Western Asset Management Company, the Company’s external manager.  Full Article

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