Western Asset Premier Bond Fund (WEA) Plans $0.07 Monthly Dividend
Western Asset Premier Bond Fund (NYSE:WEA) declared a monthly dividend on Friday, September 14th, Wall Street Journal reports. Stockholders of record on Friday, October 19th will be given a dividend of 0.065 per share by the investment management company on Thursday, November 1st. This represents a $0.78 annualized dividend and a dividend yield of 6.22%. The ex-dividend date is Thursday, October 18th.
Western Asset Premier Bond Fund has decreased its dividend by an average of 7.1% annually over the last three years.
Shares of Western Asset Premier Bond Fund stock traded down $0.13 on Friday, hitting $12.55. 24,600 shares of the company traded hands, compared to its average volume of 31,220. Western Asset Premier Bond Fund has a 12-month low of $12.50 and a 12-month high of $14.24.
Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.
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