Western Asset Mortgage Capital Corporation (WMC) Stock Split History

Western Asset Mortgage Capital Corporation has split its stock once since its initial public offering (IPO). The stock split of Western Asset Mortgage Capital Corporation occurred on July 11, 2022 on a 1-for-10 basis, meaning that for 10 shares of WMC owned pre-split, shareholders then owned 1 share.

This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on Western Asset Mortgage Capital Corporation's total market capitalization.

The answer will depend on the decisions of the company's managers and market volatility. Western Asset Mortgage Capital Corporation has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when WMC stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Western Asset Mortgage Capital Corporation's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.