Western Asset Premier Bond Fund to Issue Monthly Dividend of $0.07 (NYSE:WEA)

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Thursday, September 12th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.07 per share by the investment management company on Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date of this dividend is Thursday, November 21st.

Western Asset Premier Bond Fund has increased its dividend by an average of 0.5% annually over the last three years.

Western Asset Premier Bond Fund Stock Performance

Shares of WEA opened at $11.16 on Tuesday. Western Asset Premier Bond Fund has a 1 year low of $10.29 and a 1 year high of $11.34. The stock’s 50-day moving average price is $11.14 and its two-hundred day moving average price is $10.91.

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.