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

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be paid a dividend of 0.07 per share by the investment management company on Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Thursday, May 22nd.

Western Asset Premier Bond Fund has increased its dividend payment by an average of 2.0% per year over the last three years.

Western Asset Premier Bond Fund Price Performance

Shares of NYSE:WEA traded down $0.03 during trading on Thursday, reaching $10.95. 19,913 shares of the stock were exchanged, compared to its average volume of 24,425. Western Asset Premier Bond Fund has a 1-year low of $10.40 and a 1-year high of $11.34. The stock has a fifty day moving average of $10.91 and a two-hundred day moving average of $11.03.

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.