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

Western Asset Diversified Income Fund (NYSE:WDI) declared a monthly dividend on Monday, February 23rd. Investors of record on Thursday, May 21st will be paid a dividend of 0.1485 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Thursday, May 21st.

Western Asset Diversified Income Fund Stock Down 0.9%

NYSE:WDI traded down $0.13 during trading hours on Monday, hitting $14.06. 216,202 shares of the company were exchanged, compared to its average volume of 250,391. Western Asset Diversified Income Fund has a 52-week low of $12.44 and a 52-week high of $15.28. The company’s 50 day moving average price is $13.91 and its 200-day moving average price is $14.43.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

Several hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new position in Western Asset Diversified Income Fund in the 2nd quarter worth $70,000. AdvisorNet Financial Inc increased its holdings in shares of Western Asset Diversified Income Fund by 51.2% in the third quarter. AdvisorNet Financial Inc now owns 5,129 shares of the company’s stock valued at $75,000 after purchasing an additional 1,737 shares during the period. Advisory Services Network LLC acquired a new position in shares of Western Asset Diversified Income Fund in the third quarter valued at about $97,000. Geneos Wealth Management Inc. raised its stake in shares of Western Asset Diversified Income Fund by 555.5% in the second quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $100,000 after purchasing an additional 5,711 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Western Asset Diversified Income Fund during the third quarter worth about $151,000.

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.