Western Asset Inflation-Linked Income Fund (WIA) to Issue Monthly Dividend of $0.05 on August 31st

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

Western Asset Inflation-Linked Income Fund Price Performance

NYSE:WIA opened at $8.08 on Friday. Western Asset Inflation-Linked Income Fund has a 12-month low of $7.95 and a 12-month high of $8.54. The firm has a 50-day moving average price of $8.12 and a 200 day moving average price of $8.23.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WIA. Uhlmann Price Securities LLC raised its position in Western Asset Inflation-Linked Income Fund by 11.8% in the third quarter. Uhlmann Price Securities LLC now owns 18,319 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,933 shares in the last quarter. Readystate Asset Management LP acquired a new position in Western Asset Inflation-Linked Income Fund in the third quarter worth about $115,000. Fiera Capital Corp raised its position in Western Asset Inflation-Linked Income Fund by 0.9% in the third quarter. Fiera Capital Corp now owns 238,114 shares of the financial services provider’s stock worth $2,005,000 after purchasing an additional 2,175 shares in the last quarter. Private Advisor Group LLC acquired a new position in Western Asset Inflation-Linked Income Fund in the third quarter worth about $476,000. Finally, Wakefield Asset Management LLLP raised its position in Western Asset Inflation-Linked Income Fund by 6.2% in the third quarter. Wakefield Asset Management LLLP now owns 114,487 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 6,639 shares in 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.