Western Asset Inflation-Linked Income Fund (NYSE:WIA) Announces Dividend Increase – $0.05 Per Share

Western Asset Inflation-Linked Income Fund (NYSE:WIA) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.052 per share by the financial services provider on Friday, May 30th. This represents a $0.62 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a boost from Western Asset Inflation-Linked Income Fund’s previous monthly dividend of $0.05.

Western Asset Inflation-Linked Income Fund has decreased its dividend by an average of 7.4% annually over the last three years.

Western Asset Inflation-Linked Income Fund Stock Up 0.5 %

WIA stock traded up $0.04 during midday trading on Thursday, reaching $8.23. The company had a trading volume of 48,439 shares, compared to its average volume of 34,059. The company has a 50 day moving average of $8.10 and a two-hundred day moving average of $8.22. Western Asset Inflation-Linked Income Fund has a 1 year low of $7.82 and a 1 year high of $8.61.

Western Asset Inflation-Linked Income Fund Company Profile

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte.