Western Asset Premier Bond Fund (NYSE:WEA – Get Rating) announced a monthly dividend on Tuesday, September 27th, Zacks reports. Stockholders of record on Monday, October 24th will be paid a dividend of 0.066 per share by the investment management company on Tuesday, November 1st. This represents a $0.79 annualized dividend and a dividend yield of 8.18%. The ex-dividend date of this dividend is Friday, October 21st.
Western Asset Premier Bond Fund has raised its dividend by an average of 0.5% annually over the last three years.
Get Western Asset Premier Bond Fund alerts:Western Asset Premier Bond Fund Price Performance
NYSE WEA opened at $9.68 on Thursday. The company has a fifty day simple moving average of $10.55 and a 200 day simple moving average of $10.88. Western Asset Premier Bond Fund has a 12-month low of $9.54 and a 12-month high of $14.53.
Institutional Trading of Western Asset Premier Bond Fund
Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its position in Western Asset Premier Bond Fund by 39.1% in the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the investment management company's stock valued at $431,000 after purchasing an additional 10,086 shares during the period. Invesco Ltd. boosted its holdings in 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 acquiring an additional 32,788 shares during the last quarter. Cetera Investment Advisers boosted its holdings in 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 acquiring an additional 2,092 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Western Asset Premier Bond Fund during the 1st quarter worth $173,000.Western Asset Premier Bond Fund Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Western Asset Premier Bond Fund (WEA)
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