Media headlines about Western Asset Vrble Rate Strtgc Fnd (NYSE:GFY) have been trending positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Asset Vrble Rate Strtgc Fnd earned a coverage optimism score of 0.40 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 44.860074024908 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Western Asset Vrble Rate Strtgc Fnd (NYSE GFY) traded down $0.07 during trading on Friday, reaching $17.17. The company’s stock had a trading volume of 4,874 shares, compared to its average volume of 3,122. Western Asset Vrble Rate Strtgc Fnd has a 12-month low of $15.74 and a 12-month high of $17.52.
The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 22nd will be given a dividend of $0.0775 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.93 annualized dividend and a dividend yield of 5.42%.
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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