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

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Wednesday, November 24th, Zacks reports. Shareholders of record on Thursday, December 23rd will be paid a dividend of 0.066 per share by the investment management company on Friday, December 31st. This represents a $0.79 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend is Wednesday, December 22nd.

Western Asset Premier Bond Fund has decreased its dividend by 8.4% over the last three years and has raised its dividend every year for the last 1 years.

Shares of Western Asset Premier Bond Fund stock opened at $14.02 on Thursday. Western Asset Premier Bond Fund has a 52-week low of $13.67 and a 52-week high of $14.87. The firm has a fifty day simple moving average of $14.22.

Several large investors have recently modified their holdings of WEA. Royal Bank of Canada boosted its stake in shares of Western Asset Premier Bond Fund by 64.4% in the 2nd quarter. Royal Bank of Canada now owns 9,609 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 3,765 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Western Asset Premier Bond Fund by 70.7% in the 3rd quarter. Invesco Ltd. now owns 21,787 shares of the investment management company’s stock valued at $308,000 after purchasing an additional 9,027 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Western Asset Premier Bond Fund by 2.4% in the 2nd quarter. Morgan Stanley now owns 175,098 shares of the investment management company’s stock valued at $2,577,000 after purchasing an additional 4,171 shares in the last quarter.

About Western Asset Premier Bond Fund

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.

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Dividend History for Western Asset Premier Bond Fund (NYSE:WEA)

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