Western Asset Premier Bond Fund (NYSE:WEA) hit a new 52-week high and low during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as low as $12.63 and last traded at $12.63, with a volume of 12970 shares changing hands. The stock had previously closed at $12.63.
The newly announced dividend which will be paid on Tuesday, September 4th. Stockholders of record on Friday, August 24th will be paid a $0.065 dividend. The ex-dividend date is Thursday, August 23rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.18%.
Several institutional investors have recently modified their holdings of WEA. Northwestern Mutual Wealth Management Co. raised its stake in shares of Western Asset Premier Bond Fund by 20.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,155 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 15,873 shares in the last quarter. ProVise Management Group LLC grew its position in shares of Western Asset Premier Bond Fund by 3.7% during the 4th quarter. ProVise Management Group LLC now owns 211,582 shares of the investment management company’s stock valued at $2,922,000 after buying an additional 7,488 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of Western Asset Premier Bond Fund by 15.6% during the 4th quarter. Guggenheim Capital LLC now owns 108,999 shares of the investment management company’s stock valued at $1,505,000 after buying an additional 14,711 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Western Asset Premier Bond Fund by 883.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,435 shares of the investment management company’s stock valued at $669,000 after buying an additional 43,510 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in shares of Western Asset Premier Bond Fund during the 4th quarter valued at about $199,000.
Western Asset Premier Bond Fund Company Profile
Western Asset Premier Bond Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income and capital appreciation by investing in a portfolio of investment grade bonds. It may invest over 80% of its total managed assets in bonds, including corporate bonds, the Unites States Government and agency securities, and mortgage-related securities, and over 65% in bonds that are of investment grade quality.
