Western Asset Premier Bond Fund (WEA) to Issue Monthly Dividend of $0.07
Western Asset Premier Bond Fund (NYSE:WEA) declared a monthly dividend on Thursday, September 14th, Wall Street Journal reports. Stockholders of record on Friday, November 24th will be paid a dividend of 0.0675 per share by the investment management company on Friday, December 1st. This represents a $0.81 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Wednesday, November 22nd.
Western Asset Premier Bond Fund has decreased its dividend by an average of 3.4% per year over the last three years.
Western Asset Premier Bond Fund (NYSE:WEA) traded down 1.07% during mid-day trading on Thursday, reaching $13.90. 94,338 shares of the company’s stock traded hands. Western Asset Premier Bond Fund has a 52 week low of $12.26 and a 52 week high of $14.40. The stock’s 50 day moving average is $14.19 and its 200-day moving average is $13.77.
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About Western Asset Premier Bond Fund
Western Asset Premier Bond Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income and capital appreciation by investing in a portfolio of investment grade bonds. It may invest over 80% of its total managed assets in bonds, including corporate bonds, the Unites States Government and agency securities, and mortgage-related securities, and over 65% in bonds that are of investment grade quality.
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