Western Asset Premier Bond Fund Declares Monthly Dividend of $0.07 (NYSE:WEA)

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.07 per share by the investment management company on Wednesday, May 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date of this dividend is Monday, April 22nd.

Western Asset Premier Bond Fund has increased its dividend payment by an average of 0.5% per year over the last three years and has increased its dividend every year for the last 1 years.

Western Asset Premier Bond Fund Stock Up 0.2 %

Shares of WEA opened at $10.61 on Friday. The firm’s 50-day moving average price is $10.74 and its 200-day moving average price is $10.64. Western Asset Premier Bond Fund has a 1-year low of $9.60 and a 1-year high of $11.29.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

A number of large investors have recently modified their holdings of WEA. Bank of America Corp DE boosted its stake in shares of Western Asset Premier Bond Fund by 150.2% during the 4th quarter. Bank of America Corp DE now owns 144,073 shares of the investment management company’s stock valued at $1,533,000 after purchasing an additional 86,492 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in Western Asset Premier Bond Fund by 392.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 108,219 shares of the investment management company’s stock valued at $1,152,000 after acquiring an additional 86,250 shares during the period. Morgan Stanley lifted its position in Western Asset Premier Bond Fund by 16.8% during the 4th quarter. Morgan Stanley now owns 559,494 shares of the investment management company’s stock valued at $5,953,000 after acquiring an additional 80,588 shares during the period. Invesco Ltd. lifted its position in Western Asset Premier Bond Fund by 49.0% during the 1st quarter. Invesco Ltd. now owns 99,664 shares of the investment management company’s stock valued at $1,196,000 after acquiring an additional 32,788 shares during the period. Finally, Osaic Holdings Inc. lifted its position in Western Asset Premier Bond Fund by 13.3% during the 2nd quarter. Osaic Holdings Inc. now owns 239,012 shares of the investment management company’s stock valued at $2,425,000 after acquiring an additional 28,043 shares during the period.

Western Asset Premier Bond Fund Company Profile

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.