Western Asset Diversified Income Fund (NYSE:WDI) Plans Monthly Dividend of $0.15

by · The Cerbat Gem

Western Asset Diversified Income Fund (NYSE:WDI – Get Free Report) announced a monthly dividend on Monday, February 23rd. Investors of record on Tuesday, March 24th will be given a dividend of 0.1485 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Diversified Income Fund Stock Down 0.9%

Western Asset Diversified Income Fund stock traded down $0.13 during mid-day trading on Monday, hitting $14.06. 216,202 shares of the company’s stock traded hands, compared to its average volume of 250,391. Western Asset Diversified Income Fund has a one year low of $12.44 and a one year high of $15.28. The firm has a 50 day moving average price of $13.91 and a 200 day moving average price of $14.43.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.

Further Reading