Western Asset Inflation-Linked Income Fund (WIA) to Issue Monthly Dividend of $0.05 on April 30th

Western Asset Inflation-Linked Income Fund (NYSE:WIA) announced a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be paid a dividend of 0.05 per share by the financial services provider on Tuesday, April 30th. This represents a $0.60 annualized dividend and a yield of 7.55%. The ex-dividend date is Monday, April 22nd.

Western Asset Inflation-Linked Income Fund has increased its dividend payment by an average of 16.6% annually over the last three years.

Western Asset Inflation-Linked Income Fund Stock Up 0.2 %

Shares of Western Asset Inflation-Linked Income Fund stock opened at $7.94 on Friday. Western Asset Inflation-Linked Income Fund has a 12 month low of $7.56 and a 12 month high of $8.75. The stock’s fifty day simple moving average is $8.04 and its 200 day simple moving average is $8.00.

Institutional Trading of Western Asset Inflation-Linked Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC raised its stake in Western Asset Inflation-Linked Income Fund by 6.3% during the 1st quarter. Guggenheim Capital LLC now owns 19,171 shares of the financial services provider’s stock worth $224,000 after buying an additional 1,139 shares during the period. Raymond James & Associates increased its holdings in Western Asset Inflation-Linked Income Fund by 6.5% during the 1st quarter. Raymond James & Associates now owns 21,548 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 1,308 shares in the last quarter. Royal Bank of Canada increased its holdings in Western Asset Inflation-Linked Income Fund by 12.7% during the 4th quarter. Royal Bank of Canada now owns 13,330 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 1,500 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Western Asset Inflation-Linked Income Fund by 131.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,700 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in Western Asset Inflation-Linked Income Fund by 38.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 21,064 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 5,892 shares in the last quarter.

About Western Asset Inflation-Linked Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte.