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

Western Asset Inflation-Linked Income Fund (NYSE:WIA) announced a monthly dividend on Friday, September 11th. Shareholders of record on Friday, October 23rd will be given a dividend of 0.052 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Friday, October 23rd.

Western Asset Inflation-Linked Income Fund Price Performance

Shares of Western Asset Inflation-Linked Income Fund stock traded down $0.01 during trading hours on Friday, reaching $7.83. The company had a trading volume of 36,586 shares, compared to its average volume of 40,919. Western Asset Inflation-Linked Income Fund has a one year low of $7.82 and a one year high of $8.54. The business has a fifty day simple moving average of $7.97 and a 200 day simple moving average of $8.07.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. grew its holdings in Western Asset Inflation-Linked Income Fund by 0.7% during the 2nd quarter. Baird Financial Group Inc. now owns 489,169 shares of the financial services provider’s stock valued at $3,977,000 after buying an additional 3,605 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new stake in shares of Western Asset Inflation-Linked Income Fund in the second quarter worth about $8,389,000. Capstone Investment Advisors LLC purchased a new stake in shares of Western Asset Inflation-Linked Income Fund in the second quarter worth about $3,887,000. Corient Private Wealth LP bought a new position in shares of Western Asset Inflation-Linked Income Fund in the second quarter valued at approximately $247,000. Finally, Bank of America Corp DE bought a new position in shares of Western Asset Inflation-Linked Income Fund in the second quarter valued at approximately $6,664,000.

Western Asset Inflation-Linked Income Fund Company Profile

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.