Western Asset Inflation-Linked Income Fund (NYSE:WIA) to Issue Monthly Dividend of $0.05

Western Asset Inflation-Linked Income Fund (NYSE:WIA) declared a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.05 per share by the financial services provider on Tuesday, April 30th. This represents a $0.60 annualized dividend and a yield of 7.55%. The ex-dividend date is Monday, April 22nd.

Western Asset Inflation-Linked Income Fund has raised its dividend payment by an average of 16.6% per year over the last three years.

Western Asset Inflation-Linked Income Fund Stock Performance

Shares of WIA opened at $7.94 on Friday. Western Asset Inflation-Linked Income Fund has a one year low of $7.56 and a one year high of $8.75. The firm has a 50 day simple moving average of $8.04 and a two-hundred day simple moving average of $8.00.

Institutional Trading of Western Asset Inflation-Linked Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Guggenheim Capital LLC grew its stake in shares of Western Asset Inflation-Linked Income Fund by 6.3% during the first quarter. Guggenheim Capital LLC now owns 19,171 shares of the financial services provider’s stock worth $224,000 after buying an additional 1,139 shares during the last quarter. Raymond James & Associates grew its stake in shares of Western Asset Inflation-Linked Income Fund by 6.5% during the first quarter. Raymond James & Associates now owns 21,548 shares of the financial services provider’s stock worth $252,000 after buying an additional 1,308 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Western Asset Inflation-Linked Income Fund by 12.7% during the fourth quarter. Royal Bank of Canada now owns 13,330 shares of the financial services provider’s stock worth $108,000 after buying an additional 1,500 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Western Asset Inflation-Linked Income Fund by 131.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,700 shares of the financial services provider’s stock worth $30,000 after buying an additional 2,100 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in shares of Western Asset Inflation-Linked Income Fund by 38.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 21,064 shares of the financial services provider’s stock worth $180,000 after buying an additional 5,892 shares during the last quarter.

Western Asset Inflation-Linked Income Fund Company Profile

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte.