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

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, August 23rd will be given a dividend of 0.07 per share by the investment management company on Tuesday, September 3rd. This represents a $0.84 annualized dividend and a yield of 7.56%. The ex-dividend date is Friday, August 23rd.

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

Western Asset Premier Bond Fund Stock Up 0.5 %

Shares of Western Asset Premier Bond Fund stock opened at $11.11 on Wednesday. Western Asset Premier Bond Fund has a 52 week low of $9.60 and a 52 week high of $11.29. The business’s fifty day simple moving average is $10.73 and its 200-day simple moving average is $10.75.

About Western Asset Premier Bond Fund

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.