Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) announced a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Friday, July 19th will be given a dividend of 0.0775 per share by the financial services provider on Thursday, August 1st. This represents a $0.93 annualized dividend and a dividend yield of 5.72%. The ex-dividend date is Thursday, July 18th.
Western Asset Vrble Rate Strtgc Fnd has raised its dividend payment by an average of 1.5% per year over the last three years.
Shares of NYSE GFY traded up $0.05 during mid-day trading on Friday, hitting $16.26. The company had a trading volume of 5,600 shares, compared to its average volume of 10,781. Western Asset Vrble Rate Strtgc Fnd has a 12 month low of $14.86 and a 12 month high of $17.01.
About Western Asset Vrble Rate Strtgc Fnd
Western Asset Variable Rate Strategic Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. The fund invests in the fixed income markets across the globe.
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