Cash Dividend On The Way From Western Asset Variable Rate Strategic Fund (GFY)

Looking at the universe of stocks we cover at Dividend Channel, on 8/20/14, Western Asset Variable Rate Strategic Fund ( GFY) will trade ex-dividend, for its monthly dividend of $0.0725, payable on 8/29/14. As a percentage of GFY's recent stock price of $17.23, this dividend works out to approximately 0.42%.

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Below is a dividend history chart for GFY, showing historical dividends prior to the most recent $0.0725 declared by Western Asset Variable Rate Strategic Fund:

GFY+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GFY is likely to continue, and whether the current estimated yield of 5.05% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GFY shares, versus its 200 day moving average:

Western Asset Variable Rate Strategic Fund 200 Day Moving Average Chart

Looking at the chart above, GFY's low point in its 52 week range is $16.59 per share, with $17.82 as the 52 week high point — that compares with a last trade of $17.23.

In Monday trading, Western Asset Variable Rate Strategic Fund shares are currently up about 0.1% on the day.

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