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

Western Asset Premier Bond Fund (NYSE:WEA) declared a monthly dividend on Thursday, September 21st, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date is Tuesday, November 21st.

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

Western Asset Premier Bond Fund Stock Up 1.0 %

NYSE:WEA opened at $10.51 on Monday. Western Asset Premier Bond Fund has a twelve month low of $9.60 and a twelve month high of $11.80. The business has a 50 day moving average price of $10.19 and a two-hundred day moving average price of $10.43.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

A number of large investors have recently bought and sold shares of the company. Money Concepts Capital Corp acquired a new stake in shares of Western Asset Premier Bond Fund in the 4th quarter valued at approximately $95,000. Royal Bank of Canada boosted its holdings 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 valued at $105,000 after buying an additional 1,374 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Western Asset Premier Bond Fund in the 1st quarter valued at approximately $173,000. PNC Financial Services Group Inc. acquired a new stake in shares of Western Asset Premier Bond Fund in the 2nd quarter valued at approximately $187,000. Finally, Invesco Ltd. boosted its holdings in shares of Western Asset Premier Bond Fund by 169.0% in the 3rd quarter. Invesco Ltd. now owns 26,981 shares of the investment management company’s stock valued at $272,000 after buying an additional 16,950 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.