Western Asset Premier Bond Fund (WEA) to Issue Monthly Dividend of $0.07 on October 2nd

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Monday, May 22nd, 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 annualized dividend and a yield of 7.44%. The ex-dividend date is Thursday, September 21st.

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

Western Asset Premier Bond Fund Stock Performance

WEA opened at $10.65 on Tuesday. The stock’s fifty day moving average is $10.81 and its two-hundred day moving average is $10.47. Western Asset Premier Bond Fund has a 52 week low of $9.54 and a 52 week high of $11.80.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Large investors have recently modified their holdings of the business. Money Concepts Capital Corp purchased a new position in Western Asset Premier Bond Fund during the fourth quarter valued at approximately $95,000. Royal Bank of Canada raised its position in shares of Western Asset Premier Bond Fund by 15.4% in the 2nd 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 in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Western Asset Premier Bond Fund during the 1st quarter worth $173,000. PNC Financial Services Group Inc. bought a new stake in Western Asset Premier Bond Fund during the second quarter valued at about $187,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Western Asset Premier Bond Fund by 385.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 29,548 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 23,460 shares during 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.