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

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.07 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Premier Bond Fund Trading Down 0.2%

Shares of WEA stock traded down $0.02 during mid-day trading on Monday, reaching $11.01. The company’s stock had a trading volume of 26,604 shares, compared to its average volume of 32,523. The firm’s 50-day moving average is $11.12 and its two-hundred day moving average is $11.11. Western Asset Premier Bond Fund has a 1-year low of $10.16 and a 1-year high of $11.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC grew its stake in shares of Western Asset Premier Bond Fund by 219.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 271,845 shares of the investment management company’s stock valued at $2,950,000 after purchasing an additional 186,821 shares during the period. Wolverine Asset Management LLC acquired a new stake in Western Asset Premier Bond Fund in the 2nd quarter valued at $99,000. Invesco Ltd. boosted its stake in Western Asset Premier Bond Fund by 6.0% in the 2nd quarter. Invesco Ltd. now owns 95,727 shares of the investment management company’s stock valued at $1,039,000 after buying an additional 5,416 shares in the last quarter. Guggenheim Capital LLC grew its position in Western Asset Premier Bond Fund by 10.0% in the second quarter. Guggenheim Capital LLC now owns 233,034 shares of the investment management company’s stock valued at $2,528,000 after acquiring an additional 21,132 shares during the period. Finally, StoneX Group Inc. raised its stake in Western Asset Premier Bond Fund by 2.2% during the second quarter. StoneX Group Inc. now owns 82,862 shares of the investment management company’s stock worth $903,000 after acquiring an additional 1,748 shares in the last quarter.

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.

The fund’s investment strategy emphasizes active security selection and broad diversification.