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

Western Asset Premier Bond Fund (NYSE:WEA) declared a monthly dividend on Tuesday, November 26th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.07 per share by the investment management company on Monday, March 3rd. This represents a $0.84 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend is Friday, February 21st.

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

Western Asset Premier Bond Fund Trading Down 0.3 %

WEA traded down $0.03 during trading on Wednesday, hitting $10.89. 5,065 shares of the stock were exchanged, compared to its average volume of 36,927. Western Asset Premier Bond Fund has a 1-year low of $10.37 and a 1-year high of $11.34. The stock has a fifty day moving average price of $11.13 and a two-hundred day moving average price of $10.92.

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.