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

Western Asset Inflation-Linked Income Fund (NYSE:WIA) declared a monthly dividend on Thursday, May 21st. Shareholders of record on Friday, July 24th will be given a dividend of 0.052 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Friday, July 24th.

Western Asset Inflation-Linked Income Fund Stock Performance

NYSE:WIA opened at $8.08 on Friday. The firm has a 50-day moving average price of $8.12 and a two-hundred day moving average price of $8.23. Western Asset Inflation-Linked Income Fund has a twelve month low of $7.95 and a twelve month high of $8.54.

Hedge Funds Weigh In On Western Asset Inflation-Linked Income Fund

Hedge funds have recently added to or reduced their stakes in the business. &PARTNERS purchased a new position in Western Asset Inflation-Linked Income Fund during the 4th quarter valued at about $85,000. Readystate Asset Management LP purchased a new position in Western Asset Inflation-Linked Income Fund during the 3rd quarter valued at about $115,000. Elevation Point Wealth Partners LLC purchased a new position in Western Asset Inflation-Linked Income Fund during the 3rd quarter valued at about $138,000. Uhlmann Price Securities LLC increased its holdings in Western Asset Inflation-Linked Income Fund by 11.8% during the 3rd quarter. Uhlmann Price Securities LLC now owns 18,319 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,933 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Western Asset Inflation-Linked Income Fund by 4.9% during the 4th quarter. LPL Financial LLC now owns 34,960 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 1,631 shares during the last quarter.

About Western Asset Inflation-Linked Income Fund

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.