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

Western Asset Premier Bond Fund (NYSE:WEA) announced a monthly dividend on Monday, February 23rd. Investors of record on Thursday, May 21st will be given a dividend of 0.07 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Thursday, May 21st.

Western Asset Premier Bond Fund Trading Down 0.2%

Shares of WEA stock traded down $0.02 on Monday, hitting $11.01. 26,604 shares of the stock traded hands, compared to its average volume of 32,523. The firm’s 50-day moving average price is $11.12 and its two-hundred day moving average price is $11.11. Western Asset Premier Bond Fund has a twelve month low of $10.16 and a twelve month high of $11.44.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEA. Whipplewood Advisors LLC raised its position in Western Asset Premier Bond Fund by 219.7% in the second quarter. Whipplewood Advisors LLC now owns 271,845 shares of the investment management company’s stock valued at $2,950,000 after purchasing an additional 186,821 shares during the period. Guggenheim Capital LLC raised its holdings in Western Asset Premier Bond Fund by 24.6% in the 4th quarter. Guggenheim Capital LLC now owns 268,770 shares of the investment management company’s stock valued at $2,965,000 after buying an additional 53,119 shares during the period. Raymond James Financial Inc. lifted its position in Western Asset Premier Bond Fund by 24.8% in the third quarter. Raymond James Financial Inc. now owns 237,848 shares of the investment management company’s stock valued at $2,671,000 after buying an additional 47,213 shares during the last quarter. LPL Financial LLC lifted its position in Western Asset Premier Bond Fund by 15.0% in the fourth quarter. LPL Financial LLC now owns 324,644 shares of the investment management company’s stock valued at $3,581,000 after buying an additional 42,252 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Western Asset Premier Bond Fund by 20.4% during the fourth quarter. Fiera Capital Corp now owns 192,435 shares of the investment management company’s stock worth $2,123,000 after buying an additional 32,569 shares during the period.

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.

The fund’s investment strategy emphasizes active security selection and broad diversification.