Western Asset Diversified Income Fund (NYSE:WDI) to Issue Monthly Dividend of $0.15

Western Asset Diversified Income Fund (NYSE:WDI) declared a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 24th will be paid a dividend of 0.1485 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Diversified Income Fund Stock Down 0.7%

WDI stock traded down $0.09 during trading on Thursday, hitting $13.54. 226,697 shares of the company traded hands, compared to its average volume of 216,410. The stock’s 50-day simple moving average is $13.60 and its 200 day simple moving average is $13.91. Western Asset Diversified Income Fund has a 1 year low of $12.91 and a 1 year high of $15.28.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.