Western Asset Corporate Loan Fund Inc (TLI) Declares Monthly Dividend of $0.05
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.
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.
Receive News & Ratings for Western Asset Corporate Loan Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Corporate Loan Fund and related companies with MarketBeat.com's FREE daily email newsletter.