WDI - WDI: Another Distribution Hike For This 12.5%-Yielding Credit Fund
2024-06-07 08:07:58 ET
Summary
- We provide an update on the Western Asset Diversified Income Fund.
- Western Asset Diversified Income Fund recently increased its distribution, reflecting its record level of net income.
- WDI trades at a 7.6% discount and a 12.5% current yield.
- The combination of its adequate coverage, high yield, somewhat defensive stance and attractive valuation remain appealing.
In this article, we provide an update on the Western Asset Diversified Income Fund ( WDI ). The fund recently made another distribution hike, likely due to the recent bump in net income to a record level. Its latest coverage figure is slightly below 99%. WDI trades at a 7.6% discount and a 12.5% current yield....
WDI: Another Distribution Hike For This 12.5%-Yielding Credit Fund