Western Asset Mortgage Capital Corp WMC is offering a dividend yield of 16.08% or $1.60 per share annually, conducting quarterly payments, with an infrequent track record of increasing its dividend payments. Western Asset Mortgage is a specialty financial REIT company managing a diversified mortgage-market investment portfolio. The firm's strategy is investing, financing and managing primarily residential mortgage-backed securities, while its core strategy is on agency residential mortgage-backed securities (RMBS). In its second-quarter earnings, Western Asset Mortgage had a GAAP book value per share of $23.23 as of June 30, 2022.