Western Asset Vrble Rate Strtgc Fnd Inc. (GFY) to Issue Monthly Dividend of $0.08
Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Friday, December 22nd will be given a dividend of 0.0775 per share by the financial services provider on Friday, December 29th. This represents a $0.93 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Thursday, December 21st.
Western Asset Vrble Rate Strtgc Fnd has increased its dividend payment by an average of 2.2% per year over the last three years.
Western Asset Vrble Rate Strtgc Fnd (GFY) traded up $0.01 during mid-day trading on Wednesday, hitting $17.10. 7,000 shares of the company traded hands, compared to its average volume of 8,647. Western Asset Vrble Rate Strtgc Fnd has a one year low of $15.52 and a one year high of $17.52.
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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