Western Asset Vrble Rate Strtgc Fnd Inc. (GFY) Plans $0.08 Monthly Dividend
Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) declared a monthly dividend on Tuesday, August 15th, Wall Street Journal reports. Shareholders of record on Friday, November 24th will be given a dividend of 0.0775 per share by the financial services provider on Friday, December 1st. This represents a $0.93 annualized dividend and a yield of 5.42%. The ex-dividend date is Wednesday, November 22nd.
Western Asset Vrble Rate Strtgc Fnd has raised its dividend payment by an average of 2.2% annually over the last three years.
Western Asset Vrble Rate Strtgc Fnd (NYSE:GFY) traded down 0.17% during trading on Tuesday, reaching $17.13. 1,907 shares of the company’s stock traded hands. The company has a 50-day moving average of $17.06 and a 200 day moving average of $16.78. Western Asset Vrble Rate Strtgc Fnd has a 12 month low of $15.52 and a 12 month high of $17.44.
Western Asset Vrble Rate Strtgc Fnd Company Profile
Western Asset Variable Rate Strategic Fund Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is to maintain a high level of current income. The Fund invests primarily in variable rate instruments of the United States and non-United States issuers, including the United States and non-United States investment grade and high-yield debt, senior loans, emerging market debt and derivatives related to these securities.
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