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

Western Asset Premier Bond Fund (NYSE:WEAGet Free Report) announced a monthly dividend on Wednesday, September 20th, Wall Street Journal reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.07 per share by the investment management company on Friday, December 1st. This represents a $0.84 annualized dividend and a dividend yield of 7.99%. The ex-dividend date of this dividend is Tuesday, November 21st. This is an increase from Western Asset Premier Bond Fund’s previous monthly dividend of $0.07.

Western Asset Premier Bond Fund has raised its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 1 years.

Western Asset Premier Bond Fund Price Performance

Western Asset Premier Bond Fund stock opened at $10.51 on Monday. The firm has a 50 day simple moving average of $10.19 and a 200-day simple moving average of $10.43. Western Asset Premier Bond Fund has a 1-year low of $9.60 and a 1-year high of $11.80.

Institutional Trading of Western Asset Premier Bond Fund

Several hedge funds have recently made changes to their positions in WEA. Envestnet Asset Management Inc. purchased a new position in shares of Western Asset Premier Bond Fund during the 1st quarter worth approximately $173,000. Cetera Investment Advisers boosted its position in shares of Western Asset Premier Bond Fund by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 40,934 shares of the investment management company’s stock worth $491,000 after purchasing an additional 2,092 shares during the period. Invesco Ltd. boosted its position in shares of Western Asset Premier Bond Fund by 49.0% during the 1st quarter. Invesco Ltd. now owns 99,664 shares of the investment management company’s stock worth $1,196,000 after purchasing an additional 32,788 shares during the period. Royal Bank of Canada boosted its position in shares of Western Asset Premier Bond Fund by 39.1% during the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the investment management company’s stock worth $431,000 after purchasing an additional 10,086 shares during the period. Finally, Advisor Group Holdings Inc. boosted its position in shares of Western Asset Premier Bond Fund by 392.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 108,219 shares of the investment management company’s stock worth $1,152,000 after purchasing an additional 86,250 shares during the period.

About Western Asset Premier Bond Fund

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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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