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

Western Asset Inflation-Linked Income Fund (NYSE:WIA) declared a monthly dividend on Thursday, May 21st. Stockholders of record on Friday, July 24th will be given a dividend of 0.052 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, July 24th.

Western Asset Inflation-Linked Income Fund Price Performance

Shares of Western Asset Inflation-Linked Income Fund stock traded down $0.07 during trading on Thursday, reaching $8.08. 14,178 shares of the company’s stock were exchanged, compared to its average volume of 46,190. Western Asset Inflation-Linked Income Fund has a 1-year low of $7.95 and a 1-year high of $8.54. The firm’s 50-day moving average price is $8.12 and its 200 day moving average price is $8.23.

Institutional Investors Weigh In On Western Asset Inflation-Linked Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. &PARTNERS bought a new stake in Western Asset Inflation-Linked Income Fund during the 4th quarter worth $85,000. Elevation Point Wealth Partners LLC grew its position in Western Asset Inflation-Linked Income Fund by 36.7% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 22,350 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 6,000 shares during the last quarter. LPL Financial LLC grew its position in Western Asset Inflation-Linked Income Fund by 4.9% during the 4th quarter. LPL Financial LLC now owns 34,960 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 1,631 shares during the last quarter. Aviance Capital Partners LLC grew its position in Western Asset Inflation-Linked Income Fund by 3.1% during the 4th quarter. Aviance Capital Partners LLC now owns 68,300 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 2,084 shares during the last quarter. Finally, Wakefield Asset Management LLLP grew its position in Western Asset Inflation-Linked Income Fund by 176.3% during the 4th quarter. Wakefield Asset Management LLLP now owns 316,360 shares of the financial services provider’s stock worth $2,616,000 after acquiring an additional 201,873 shares during the last quarter.

About Western Asset Inflation-Linked Income Fund

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.

Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.