Western Asset Inflation-Linked Income Fund (NYSE:WIA) to Issue $0.05 Monthly Dividend

Western Asset Inflation-Linked Income Fund (NYSE:WIA) declared a monthly dividend on Thursday, May 21st. Shareholders of record on Monday, August 24th will be given a dividend of 0.052 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, August 24th.

Western Asset Inflation-Linked Income Fund Stock Down 0.9%

Shares of WIA traded down $0.07 during midday trading on Thursday, hitting $8.08. 14,178 shares of the company traded hands, compared to its average volume of 46,190. The firm has a 50 day moving average of $8.12 and a 200-day moving average of $8.23. Western Asset Inflation-Linked Income Fund has a 52 week low of $7.95 and a 52 week high of $8.54.

About Western Asset Inflation-Linked Income Fund

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.

Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.