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

Western Asset Premier Bond Fund (NYSE:WEA) declared a monthly dividend on Monday, September 16th, Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.07 per share by the investment management company on Monday, December 2nd. This represents a $0.84 annualized dividend 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% per year over the last three years.

Western Asset Premier Bond Fund Stock Performance

Shares of WEA traded up $0.01 during trading hours on Monday, reaching $11.16. 24,323 shares of the company’s stock traded hands, compared to its average volume of 39,250. Western Asset Premier Bond Fund has a 12 month low of $9.60 and a 12 month high of $11.29. The firm’s 50 day simple moving average is $10.94 and its 200-day simple moving average is $10.75.

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.