IonQ reaches 1,000 patents milestone with new quantum computing grants
Western Asset Mortgage (NYSE:WMC) Opportunity (SO:FTCE11B) Fund Inc. (NYSE:DMO), a $134 million market cap company, has seen a notable transaction from its board of directors. On June 2, Hillary A. Sale, a director of the company, purchased 1,694 shares of common stock. The shares were acquired at a price of $11.795 each, amounting to a total transaction value of $19,980. Following this purchase, Sale directly owns 1,694 shares of the company. The fund currently offers an attractive 13.4% dividend yield and trades at a P/E ratio of 7.8x. This transaction highlights the director’s increased stake in the company, reflecting a potential vote of confidence in its future prospects. InvestingPro data reveals the fund has maintained dividend payments for 16 consecutive years and maintains a GOOD overall financial health score. Subscribers can access additional insights and detailed financial metrics on the platform.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.