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 Friday, September 11th. Shareholders of record on Friday, November 20th will be paid a dividend of 0.052 per share by the financial services provider on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset Inflation-Linked Income Fund Stock Performance

Shares of NYSE:WIA traded down $0.01 during midday trading on Friday, hitting $7.83. The company’s stock had a trading volume of 36,586 shares, compared to its average volume of 40,919. Western Asset Inflation-Linked Income Fund has a 12-month low of $7.82 and a 12-month high of $8.54. The business’s 50 day simple moving average is $7.97 and its 200 day simple moving average is $8.07.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new position in Western Asset Inflation-Linked Income Fund during the third quarter worth $476,000. Bank of America Corp DE raised its holdings in shares of Western Asset Inflation-Linked Income Fund by 11.2% during the 3rd quarter. Bank of America Corp DE now owns 109,763 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 11,087 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of Western Asset Inflation-Linked Income Fund during the 3rd quarter worth $138,000. PenderFund Capital Management Ltd. boosted its position in shares of Western Asset Inflation-Linked Income Fund by 17.3% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 89,100 shares of the financial services provider’s stock valued at $749,000 after acquiring an additional 13,168 shares during the last quarter. Finally, Wakefield Asset Management LLLP boosted 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 acquiring an additional 201,873 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.