Western Asset Premier Bond Fund (WEA) Declares Monthly Dividend of $0.07
Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Thursday, May 17th, Wall Street Journal reports. Investors of record on Friday, July 20th will be paid a dividend of 0.065 per share by the investment management company on Wednesday, August 1st. This represents a $0.78 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend is Thursday, July 19th.
Western Asset Premier Bond Fund has decreased its dividend by an average of 7.1% annually over the last three years.
Shares of WEA stock opened at $12.63 on Friday. Western Asset Premier Bond Fund has a twelve month low of $12.71 and a twelve month high of $12.71.
Western Asset Premier Bond Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income and capital appreciation by investing in a portfolio of investment grade bonds. It may invest over 80% of its total managed assets in bonds, including corporate bonds, the Unites States Government and agency securities, and mortgage-related securities, and over 65% in bonds that are of investment grade quality.
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