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

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

Western Asset Inflation-Linked Income Fund Stock Down 0.2%

Shares of NYSE WIA traded down $0.01 during mid-day trading on Friday, hitting $7.83. 36,586 shares of the company’s stock traded hands, compared to its average volume of 40,919. Western Asset Inflation-Linked Income Fund has a 1 year low of $7.82 and a 1 year high of $8.54. The company’s 50-day moving average is $7.97 and its two-hundred day moving average is $8.07.

Institutional Investors Weigh In On Western Asset Inflation-Linked Income Fund

Large investors have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. bought a new stake in shares of Western Asset Inflation-Linked Income Fund in the 2nd quarter valued at approximately $8,389,000. Bank of America Corp DE purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the 2nd quarter worth approximately $6,664,000. Baird Financial Group Inc. boosted its holdings in shares of Western Asset Inflation-Linked Income Fund by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 489,169 shares of the financial services provider’s stock worth $3,977,000 after purchasing an additional 3,605 shares during the period. Capstone Investment Advisors LLC bought a new position in shares of Western Asset Inflation-Linked Income Fund during the 2nd quarter valued at approximately $3,887,000. Finally, Wakefield Asset Management LLLP increased its position in shares of Western Asset Inflation-Linked Income Fund by 176.3% during the 4th quarter. Wakefield Asset Management LLLP now owns 316,360 shares of the financial services provider’s stock valued at $2,616,000 after purchasing an additional 201,873 shares during the last quarter.

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.