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PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the second quarter ended June 30, 2022 after the market closes on Thursday, August 4, 2022. The Company will host a corresponding conference call with a live webcast on Friday, August 5, 2022 at 12:00 p.m. Eastern Time/9:00 a.m. Pacific Time, to discuss those results. Individuals interested in participating in the conference call ma
Western Asset Mortgage Capital Corp (NYSE:WMC ) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Larry Clark - IR Contact Bonnie Wongtrakool - Portfolio Manager Sean Johnson - Deputy CIO Greg Handler - CIO Lisa Meyer - CFO, Treasurer & President Conference Call Participants Jason Stewart - JonesTrading Institutional Services LLC Trevor Cranston - JMP Securities Operator Welcome to Western Asset Mortgage Capital Corporation's First Quarter 2022 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 5:00 PM Eastern Standard Time.
The management had no choice but to cut the dividend in March by 33% which translates to a forward dividend yield of 10.88%. The management has been restructuring WMC's investment portfolio to residential real estate assets and exiting commercial ones.