Western Asset Premier Bond Fund Plans Monthly Dividend of $0.07 (NYSE:WEA)

Western Asset Premier Bond Fund (NYSE:WEA) declared a monthly dividend on Wednesday, November 24th, Zacks reports. Stockholders of record on Thursday, December 23rd will be paid a dividend of 0.066 per share by the investment management company on Friday, December 31st. This represents a $0.79 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Wednesday, December 22nd.

Western Asset Premier Bond Fund has decreased its dividend by 8.4% over the last three years and has raised its dividend every year for the last 1 years.

Western Asset Premier Bond Fund stock opened at $14.02 on Thursday. The stock has a 50 day moving average price of $14.22. Western Asset Premier Bond Fund has a fifty-two week low of $13.67 and a fifty-two week high of $14.87.

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Western Asset Premier Bond Fund by 64.4% in the second quarter. Royal Bank of Canada now owns 9,609 shares of the investment management company’s stock worth $141,000 after acquiring an additional 3,765 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Western Asset Premier Bond Fund by 70.7% during the third quarter. Invesco Ltd. now owns 21,787 shares of the investment management company’s stock worth $308,000 after purchasing an additional 9,027 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Western Asset Premier Bond Fund by 2.4% during the second quarter. Morgan Stanley now owns 175,098 shares of the investment management company’s stock worth $2,577,000 after purchasing an additional 4,171 shares during the period.

Western Asset Premier Bond Fund Company Profile

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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Dividend History for Western Asset Premier Bond Fund (NYSE:WEA)

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