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

Western Asset Inflation-Linked Income Fund (NYSE:WIA) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Thursday, May 22nd will be given a dividend of 0.052 per share by the financial services provider on Friday, May 30th. This represents a $0.62 annualized dividend and a dividend yield of 7.61%. The ex-dividend date is Thursday, May 22nd. This is a positive change 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 Down 0.3 %

WIA stock opened at $8.21 on Friday. The firm’s 50 day moving average price is $8.10 and its 200-day moving average price is $8.22. Western Asset Inflation-Linked Income Fund has a one year low of $7.82 and a one year high of $8.61.

About Western Asset Inflation-Linked Income Fund

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.