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

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend is Monday, April 22nd.

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

Western Asset Premier Bond Fund Price Performance

WEA stock opened at $10.58 on Friday. Western Asset Premier Bond Fund has a one year low of $9.60 and a one year high of $11.29. The company’s 50 day moving average price is $10.74 and its two-hundred day moving average price is $10.65.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

A number of large investors have recently added to or reduced their stakes in WEA. Morgan Stanley boosted its position in Western Asset Premier Bond Fund by 16.8% during the fourth quarter. Morgan Stanley now owns 559,494 shares of the investment management company’s stock valued at $5,953,000 after buying an additional 80,588 shares during the period. Osaic Holdings Inc. boosted its holdings 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. Bank of America Corp DE boosted its holdings in 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 acquiring an additional 86,492 shares during the period. Advisor Group Holdings Inc. grew 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 worth $1,152,000 after acquiring an additional 86,250 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Western Asset Premier Bond Fund by 49.0% in the 1st quarter. Invesco Ltd. now owns 99,664 shares of the investment management company’s stock worth $1,196,000 after purchasing an additional 32,788 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.