Western Asset Premier Bond Fund (NYSE:WEA) to Issue $0.07 Monthly Dividend

Western Asset Premier Bond Fund (NYSE:WEAGet Rating) declared a monthly dividend on Friday, February 18th, Wall Street Journal reports. Investors of record on Monday, May 23rd will be given a dividend of 0.066 per share by the investment management company on Wednesday, June 1st. This represents a $0.79 annualized dividend and a yield of 7.21%. The ex-dividend date of this dividend is Friday, May 20th.

Western Asset Premier Bond Fund has raised its dividend by an average of 0.5% annually over the last three years.

WEA stock opened at $10.98 on Thursday. The company has a 50 day moving average of $11.55 and a two-hundred day moving average of $12.82. Western Asset Premier Bond Fund has a 12-month low of $10.88 and a 12-month high of $14.87.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its holdings in shares of Western Asset Premier Bond Fund by 4.8% during the 3rd quarter. Morgan Stanley now owns 183,452 shares of the investment management company’s stock valued at $2,590,000 after purchasing an additional 8,354 shares in the last quarter. LPL Financial LLC lifted its holdings in Western Asset Premier Bond Fund by 8.4% in the 4th quarter. LPL Financial LLC now owns 118,523 shares of the investment management company’s stock worth $1,698,000 after purchasing an additional 9,171 shares during the last quarter. Invesco Ltd. boosted its position in Western Asset Premier Bond Fund by 49.0% during the first 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. Cetera Investment Advisers lifted its stake in shares of Western Asset Premier Bond Fund by 5.4% in the first quarter. Cetera Investment Advisers now owns 40,934 shares of the investment management company’s stock worth $491,000 after buying an additional 2,092 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings 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 buying an additional 10,086 shares during the period.

About Western Asset Premier Bond Fund (Get Rating)

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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