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

Western Asset Premier Bond Fund (NYSE:WEA) declared a monthly dividend on Wednesday, November 24th, Zacks reports. Investors 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 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date is Wednesday, December 22nd.

Western Asset Premier Bond Fund has decreased its dividend payment by 8.4% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of NYSE WEA opened at $14.02 on Thursday. The company has a fifty day moving average price of $14.22. Western Asset Premier Bond Fund has a one year low of $13.67 and a one year high of $14.87.

Several hedge funds and other institutional investors have recently modified their holdings of WEA. Morgan Stanley raised its stake in shares of Western Asset Premier Bond Fund by 2.4% in the second quarter. Morgan Stanley now owns 175,098 shares of the investment management company’s stock valued at $2,577,000 after purchasing an additional 4,171 shares in the last quarter. Royal Bank of Canada raised its stake in Western Asset Premier Bond Fund by 64.4% during 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. Finally, Invesco Ltd. raised its stake in 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 acquiring an additional 9,027 shares in the last quarter.

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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