Western Asset Diversified Income Fund (WDI) To Go Ex-Dividend on May 21st

Western Asset Diversified Income Fund (NYSE:WDI) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be given a dividend of 0.1485 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Diversified Income Fund Stock Performance

WDI opened at $13.36 on Tuesday. Western Asset Diversified Income Fund has a 1 year low of $12.91 and a 1 year high of $15.28. The stock’s 50 day simple moving average is $13.57 and its 200-day simple moving average is $13.89.

Institutional Trading of Western Asset Diversified Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of WDI. Royal Bank of Canada increased its position in shares of Western Asset Diversified Income Fund by 15.1% during the first quarter. Royal Bank of Canada now owns 212,244 shares of the company’s stock valued at $3,067,000 after purchasing an additional 27,777 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Western Asset Diversified Income Fund during the first quarter valued at approximately $531,000. Jane Street Group LLC increased its position in shares of Western Asset Diversified Income Fund by 8.8% during the first quarter. Jane Street Group LLC now owns 17,284 shares of the company’s stock valued at $250,000 after purchasing an additional 1,393 shares during the period. Cetera Investment Advisers increased its position in shares of Western Asset Diversified Income Fund by 10.9% during the second quarter. Cetera Investment Advisers now owns 30,768 shares of the company’s stock valued at $457,000 after purchasing an additional 3,025 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Western Asset Diversified Income Fund by 35.0% during the second quarter. JPMorgan Chase & Co. now owns 143,759 shares of the company’s stock valued at $2,133,000 after purchasing an additional 37,259 shares during the period.

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.