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

by · The Cerbat Gem

Western Asset Inflation-Linked Income Fund (NYSE:WIA – Get Free Report) declared a monthly dividend on Thursday, May 21st. Investors of record on Monday, August 24th will be paid a dividend of 0.052 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Monday, August 24th.

Western Asset Inflation-Linked Income Fund Stock Down 0.9%

Shares of NYSE:WIA traded down $0.07 during trading on Thursday, reaching $8.08. The company’s stock had a trading volume of 14,178 shares, compared to its average volume of 46,190. Western Asset Inflation-Linked Income Fund has a 12 month low of $7.95 and a 12 month high of $8.54. The firm’s 50 day simple moving average is $8.12 and its two-hundred day simple moving average is $8.23.

About Western Asset Inflation-Linked Income Fund

(Get Free Report)

Western Asset Inflation-Linked Income Fund (NYSE: WIA) is a closed-end management investment company that seeks to deliver a high level of current real income while preserving real capital. The fund strives to achieve its objective by investing primarily in inflation-linked debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, as well as inflation-linked bonds issued by supranational organizations and corporate issuers. By focusing on instruments that adjust principal and interest payments in line with inflation, WIA aims to protect investors’ purchasing power over time.

Since its initial public offering in December 2007, the fund has employed a flexible, research-driven approach to managing duration, sector allocation and credit exposure.

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