Western Asset Vrble Rate Strtgc Fnd (GFY) Earning Very Favorable Press Coverage, Analysis Shows

News stories about Western Asset Vrble Rate Strtgc Fnd (NYSE:GFY) have been trending very positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Asset Vrble Rate Strtgc Fnd earned a news sentiment score of 0.57 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.4785141751062 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Western Asset Vrble Rate Strtgc Fnd (NYSE GFY) traded down $0.01 on Thursday, reaching $17.09. The company’s stock had a trading volume of 300 shares, compared to its average volume of 8,277. Western Asset Vrble Rate Strtgc Fnd has a 12-month low of $15.56 and a 12-month high of $17.52.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.0775 per share. This represents a $0.93 annualized dividend and a yield of 5.44%. The ex-dividend date is Thursday, December 21st.

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About Western Asset Vrble Rate Strtgc Fnd

Western Asset Variable Rate Strategic Fund Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is to maintain a high level of current income. The Fund invests primarily in variable rate instruments of the United States and non-United States issuers, including the United States and non-United States investment grade and high-yield debt, senior loans, emerging market debt and derivatives related to these securities.

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