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

Western Asset Premier Bond Fund (NYSE:WEAGet Rating) announced a monthly dividend on Thursday, May 19th, Wall Street Journal reports. Investors of record on Friday, September 23rd will be paid a dividend of 0.066 per share by the investment management company on Monday, October 3rd. This represents a $0.79 annualized dividend and a yield of 7.21%. The ex-dividend date of this dividend is Thursday, September 22nd.

Western Asset Premier Bond Fund has increased its dividend payment by an average of 0.5% per year over the last three years.

WEA traded up $0.01 during trading hours on Thursday, hitting $10.98. The company’s stock had a trading volume of 26,798 shares, compared to its average volume of 30,723. The business’s 50-day moving average price is $11.55 and its 200-day moving average price is $12.82. Western Asset Premier Bond Fund has a 12 month low of $10.88 and a 12 month high of $14.87.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers boosted its stake in Western Asset Premier Bond Fund by 5.4% during the first quarter. Cetera Investment Advisers now owns 40,934 shares of the investment management company’s stock worth $491,000 after buying an additional 2,092 shares during the period. Royal Bank of Canada boosted 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 buying an additional 3,765 shares during the period. Morgan Stanley boosted its stake in 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 buying an additional 4,171 shares during the period. Invesco Ltd. boosted 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 buying an additional 9,027 shares during the period. Finally, LPL Financial LLC boosted its stake in Western Asset Premier Bond Fund by 8.4% during the fourth quarter. LPL Financial LLC now owns 118,523 shares of the investment management company’s stock worth $1,698,000 after buying an additional 9,171 shares during the period.

Western Asset Premier Bond Fund Company Profile (Get Rating)

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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