Western Asset Diversified Income Fund (NYSE:WDI) to Issue Monthly Dividend of $0.15

Western Asset Diversified Income Fund (NYSE:WDI) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.1485 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Western Asset Diversified Income Fund Trading Down 0.7%

NYSE WDI traded down $0.09 during trading hours on Thursday, reaching $13.54. The company had a trading volume of 226,697 shares, compared to its average volume of 216,410. The stock has a 50-day moving average of $13.60 and a 200 day moving average of $13.91. Western Asset Diversified Income Fund has a 1-year low of $12.91 and a 1-year high of $15.28.

Institutional Trading of Western Asset Diversified Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of WDI. Advisory Services Network LLC purchased a new stake in Western Asset Diversified Income Fund during the third quarter worth about $97,000. Geneos Wealth Management Inc. increased its stake in Western Asset Diversified Income Fund by 555.5% during the second quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $100,000 after purchasing an additional 5,711 shares during the period. Fifth Third Bancorp purchased a new stake in Western Asset Diversified Income Fund during the first quarter worth about $111,000. Sovran Advisors LLC purchased a new stake in Western Asset Diversified Income Fund during the first quarter worth about $150,000. Finally, Susquehanna International Group LLP purchased a new stake in Western Asset Diversified Income Fund during the third quarter worth about $151,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.