Western Asset Inflation-Linked Income Fund Announces Monthly Dividend of $0.05 (NYSE:WIA)

0

Western Asset Inflation Income Fund (NYSE: WIAGet a rating) announced a monthly dividend on Friday, May 20, the wall street journal reports. Shareholders of record on Friday, September 23 will receive a dividend of 0.045 per share from the financial services provider on Friday, September 30. This represents a dividend of $0.54 on an annualized basis and a yield of 5.27%. The ex-date of this dividend is Thursday, September 22.

Western Asset Inflation-Linked Income Fund has increased its dividend by an average of 43.6% per year over the past three years.

WIA Stock traded at $0.04 during the midday session on Friday, reaching $10.24. 69,011 shares of the stock traded in hands, compared to its average volume of 42,596. The Western Asset Inflation-Linked Income Fund has a 52-week low of $10.13 and a 52-week high of $14.78 . The stock’s fifty-day moving average is $11.14 and its 200-day moving average is $12.39.

In other Western Asset Inflation-Linked Income Fund news, major shareholder Cascade Investment, LLC purchased 9,737 shares of the company in a trade dated Wednesday, May 18. The shares were purchased at an average price of $10.31 per share, for a total transaction of $100,388.47. Following the acquisition, the insider now directly owns 5,018,244 shares of the company, valued at $51,738,095.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website.

Several institutional investors and hedge funds have recently changed their holdings in the company. Guggenheim Capital LLC increased its holdings of Western Asset Inflation-Linked Income Fund shares by 6.3% in Q1. Guggenheim Capital LLC now owns 19,171 shares of the financial services provider valued at $224,000 after purchasing an additional 1,139 shares during the period. Raymond James & Associates increased its holdings of Western Asset Inflation-Linked Income Fund by 6.5% in the first quarter. Raymond James & Associates now owns 21,548 shares of the financial services provider worth $252,000 after buying 1,308 additional shares in the last quarter. Invesco Ltd. increased its holdings in the Western Asset Inflation-Linked Income Fund by 0.8% in the fourth quarter. Invesco Ltd. now owns 344,464 shares of the financial services provider worth $4,564,000 after purchasing an additional 2,595 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings of Western Asset Inflation-Linked Income Fund by 6.3% in the fourth quarter. Parametric Portfolio Associates LLC now owns 211,055 shares of the financial services provider worth $2,796,000 after purchasing an additional 12,598 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings of Western Asset Inflation-Linked Income Fund by 7.0% in the first quarter. Baird Financial Group Inc. now owns 269,524 shares of the financial services provider worth $3,153,000 after purchasing an additional 17,696 shares in the last quarter.

About Western Asset Inflation Income Fund (Get a rating)

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-end, 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.

See also

Dividend history for Western Asset Inflation-Linked Income Fund (NYSE:WIA)



Receive daily Western Asset Inflation-Linked Income Fund news and reviews – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Western Asset Inflation-Linked Income Fund and related companies with MarketBeat.com’s free daily email newsletter.

Share.

Comments are closed.