Western Asset Bond ETF (NASDAQ:WABF) Raises Dividend to $0.09 Per Share

Western Asset Bond ETF (NASDAQ:WABF) announced a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.0942 per share on Monday, April 6th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 13.8% increase from Western Asset Bond ETF’s previous monthly dividend of $0.08.

Western Asset Bond ETF Trading Down 0.4%

Western Asset Bond ETF stock traded down $0.09 during midday trading on Wednesday, reaching $25.08. The stock had a trading volume of 1,911 shares, compared to its average volume of 2,382. Western Asset Bond ETF has a twelve month low of $24.31 and a twelve month high of $25.79. The firm’s fifty day simple moving average is $25.43 and its two-hundred day simple moving average is $25.47.

Western Asset Bond ETF Company Profile

The Western Asset Bond ETF (WABF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a portfolio comprised of USD-denominated debt instruments and fixed income securities of various maturities, with limited exposure to high yield, emerging market debts, and structured securities. The fund intends to use derivatives to gain exposure, manage risks, and enhance returns. WABF was launched on Sep 19, 2023 and is issued by Franklin Templeton.