Western Asset Premier Bond Fund (WEA) To Go Ex-Dividend on September 21st

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Friday, May 19th, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.066 per share by the investment management company on Monday, October 2nd. This represents a $0.79 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date of this dividend is Thursday, September 21st.

Western Asset Premier Bond Fund has increased its dividend payment by an average of 0.2% per year over the last three years.

Western Asset Premier Bond Fund Trading Down 0.5 %

Shares of NYSE:WEA opened at $10.65 on Tuesday. Western Asset Premier Bond Fund has a 1 year low of $9.54 and a 1 year high of $11.80. The firm has a fifty day moving average price of $10.81 and a 200 day moving average price of $10.47.

Institutional Trading of Western Asset Premier Bond Fund

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of Western Asset Premier Bond Fund by 15.4% in the second quarter. Royal Bank of Canada now owns 10,313 shares of the investment management company’s stock worth $105,000 after acquiring an additional 1,374 shares during the last quarter. Cetera Investment Advisers raised its position in shares of 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 valued at $491,000 after buying an additional 2,092 shares during the last quarter. Money Concepts Capital Corp acquired a new position in shares of Western Asset Premier Bond Fund during the fourth quarter valued at about $95,000. Envestnet Asset Management Inc. acquired a new stake in Western Asset Premier Bond Fund during the first quarter worth about $173,000. Finally, PNC Financial Services Group Inc. bought a new position in Western Asset Premier Bond Fund during the second quarter valued at about $187,000.

About Western Asset Premier Bond Fund

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.