Western Asset Corporate Loan Fund Inc (NYSE:TLI) announced a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Friday, January 19th will be given a dividend of 0.053 per share by the investment management company on Thursday, February 1st. This represents a $0.64 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Thursday, January 18th.

Western Asset Corporate Loan Fund has decreased its dividend by an average of 2.8% per year over the last three years.

Shares of Western Asset Corporate Loan Fund (NYSE:TLI) opened at $10.60 on Wednesday. Western Asset Corporate Loan Fund has a 52-week low of $10.30 and a 52-week high of $12.10.

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Western Asset Corporate Loan Fund Company Profile

Western Asset Corporate Loan Fund Inc, formerly LMP Corporate Loan Fund Inc, is a non-diversified, closed-end management investment company. The Fund’s investment objective is to maximize current income consistent with prudent efforts to preserve capital. The Fund invests primarily in floating or variable-rate collateralized senior loans to corporations, partnerships or other business entities operating in various industries and geographic regions.

Dividend History for Western Asset Corporate Loan Fund (NYSE:TLI)

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