Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) announced a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Friday, February 16th will be given a dividend of 0.0775 per share by the financial services provider on Thursday, March 1st. This represents a $0.93 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Thursday, February 15th.
Western Asset Vrble Rate Strtgc Fnd has increased its dividend payment by an average of 2.2% annually over the last three years.
Shares of Western Asset Vrble Rate Strtgc Fnd (NYSE GFY) traded up $0.05 during trading hours on Tuesday, reaching $17.09. 3,500 shares of the company’s stock traded hands, compared to its average volume of 8,654. 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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