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

Western Asset Diversified Income Fund (NYSE:WDI) declared a monthly dividend on Monday, May 19th, Wall Street Journal reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.1485 per share on Tuesday, September 2nd. This represents a $1.78 dividend on an annualized basis and a yield of 12.26%. The ex-dividend date is Friday, August 22nd.

Western Asset Diversified Income Fund has raised its dividend by an average of 35.9% per year over the last three years.

Western Asset Diversified Income Fund Stock Up 0.2%

Shares of Western Asset Diversified Income Fund stock opened at $14.53 on Tuesday. Western Asset Diversified Income Fund has a 1-year low of $12.45 and a 1-year high of $15.84. The business’s fifty day moving average price is $14.05 and its two-hundred day moving average price is $14.54.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its stake in shares of Western Asset Diversified Income Fund by 8.8% in the 1st quarter. Jane Street Group LLC now owns 17,284 shares of the company’s stock worth $250,000 after acquiring an additional 1,393 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Western Asset Diversified Income Fund during the first quarter worth approximately $531,000. Finally, Royal Bank of Canada lifted its position in Western Asset Diversified Income Fund by 15.1% in the first quarter. Royal Bank of Canada now owns 212,244 shares of the company’s stock worth $3,067,000 after purchasing an additional 27,777 shares during the period.