Western Asset Premier Bond Fund (NYSE:WEA) Raises Dividend to $0.07 Per Share

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Monday, November 25th,NASDAQ Dividends reports. Investors of record on Monday, December 23rd will be paid a dividend of 0.07 per share by the investment management company on Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from Western Asset Premier Bond Fund’s previous monthly dividend of $0.07.

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

Western Asset Premier Bond Fund Stock Performance

Shares of NYSE WEA opened at $10.75 on Friday. The firm has a 50 day moving average price of $11.05 and a 200 day moving average price of $10.95. Western Asset Premier Bond Fund has a 52-week low of $10.40 and a 52-week high of $11.34.

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.