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

Western Asset Inflation-Linked Income Fund (NYSE:WIA) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.052 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, April 23rd.

Western Asset Inflation-Linked Income Fund Trading Down 1.2%

Shares of WIA stock traded down $0.10 during trading hours on Monday, hitting $8.26. 483,888 shares of the company’s stock were exchanged, compared to its average volume of 42,520. Western Asset Inflation-Linked Income Fund has a fifty-two week low of $8.02 and a fifty-two week high of $8.54. The firm has a 50 day moving average of $8.28 and a two-hundred day moving average of $8.35.

Western Asset Inflation-Linked Income Fund Company Profile

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.