Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) declared a monthly dividend on Tuesday, November 13th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be paid a dividend of 0.0775 per share by the financial services provider on Friday, March 1st. This represents a $0.93 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Thursday, February 14th.
Western Asset Vrble Rate Strtgc Fnd has raised its dividend payment by an average of 1.5% annually over the last three years.
Shares of GFY opened at $15.84 on Friday. Western Asset Vrble Rate Strtgc Fnd has a twelve month low of $14.86 and a twelve month high of $17.53.
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Western Asset Variable Rate Strategic Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. The fund invests in the fixed income markets across the globe.
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