Western Asset Diversified Income Fund Plans Monthly Dividend of $0.15 (NYSE:WDI)

Western Asset Diversified Income Fund (NYSE:WDI) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.1485 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Friday, July 24th.

Western Asset Diversified Income Fund Price Performance

WDI traded down $0.09 during trading on Thursday, hitting $13.54. The company’s stock had a trading volume of 226,697 shares, compared to its average volume of 216,410. Western Asset Diversified Income Fund has a twelve month low of $12.91 and a twelve month high of $15.28. The stock’s fifty day moving average price is $13.60 and its 200-day moving average price is $13.91.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in Western Asset Diversified Income Fund in the third quarter valued at approximately $97,000. Geneos Wealth Management Inc. raised its position in shares of Western Asset Diversified Income Fund by 555.5% during the second quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $100,000 after purchasing an additional 5,711 shares during the period. Fifth Third Bancorp acquired a new position in shares of Western Asset Diversified Income Fund during the first quarter worth approximately $111,000. Susquehanna International Group LLP acquired a new position in shares of Western Asset Diversified Income Fund during the third quarter worth approximately $151,000. Finally, Sovran Advisors LLC acquired a new position in shares of Western Asset Diversified Income Fund during the first quarter worth approximately $150,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.