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NYSE:GFYWestern Asset Vrble Rate Strtgc Fnd Stock Price, Forecast & News

$15.33
+0.13 (+0.86 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$15.31
Now: $15.33
$15.37
50-Day Range
$14.23
MA: $14.82
$15.28
52-Week Range
$10.88
Now: $15.33
$17.14
Volume4,130 shs
Average Volume10,232 shs
Market CapitalizationN/A
P/E RatioN/A
Dividend Yield0.06%
BetaN/A
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. It seeks to invest in variable rate investment grade securities, including U.S. and non-U.S. investment grade and high yield debt, senior loans, emerging markets debt and derivatives related to these securities. The fund seeks to maintain an average duration of around one to two years with an average credit quality of BBB+. It benchmarks the performance of its portfolio against the Merrill Lynch Constant Maturity 3-Month LIBOR Index. The fund was formerly known as Salomon Brothers Variable Rate Strategic Fund Inc. Western Asset Variable Rate Strategic Fund Inc. was formed on August 3, 2004 and is domiciled in the United States.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.83 out of 5 stars


Industry, Sector and Symbol

Industry Asset Management
Sub-IndustryN/A
CUSIPN/A
Phone+1-888-7770102

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Next Earnings DateN/A
OptionableNot Optionable

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Western Asset Vrble Rate Strtgc Fnd (NYSE:GFY) Frequently Asked Questions

How has Western Asset Vrble Rate Strtgc Fnd's stock been impacted by COVID-19 (Coronavirus)?

Western Asset Vrble Rate Strtgc Fnd's stock was trading at $16.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GFY shares have decreased by 5.8% and is now trading at $15.33. View which stocks have been most impacted by Coronavirus.

How often does Western Asset Vrble Rate Strtgc Fnd pay dividends? What is the dividend yield for Western Asset Vrble Rate Strtgc Fnd?

Western Asset Vrble Rate Strtgc Fnd announced a monthly dividend on Thursday, May 21st. Investors of record on Monday, August 24th will be given a dividend of $0.0775 per share on Tuesday, September 1st. This represents a $0.93 annualized dividend and a yield of 6.07%. The ex-dividend date is Friday, August 21st. View Western Asset Vrble Rate Strtgc Fnd's dividend history.

Has Western Asset Vrble Rate Strtgc Fnd been receiving favorable news coverage?

News articles about GFY stock have been trending somewhat negative this week, InfoTrie reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Western Asset Vrble Rate Strtgc Fnd earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutWestern Asset Vrble Rate Strtgc Fnd.

Who are some of Western Asset Vrble Rate Strtgc Fnd's key competitors?

What other stocks do shareholders of Western Asset Vrble Rate Strtgc Fnd own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Asset Vrble Rate Strtgc Fnd investors own include Putnam Premier Income Trust (PPT), Brinker International (EAT), Ring Energy (REI), Ring Energy (REI), Royal Bank of Canada (RY), Shaw Communications (SJR), Southern (SO), Suncor Energy (SU), AT&T (T) and Toronto-Dominion Bank (TD).

Who are Western Asset Vrble Rate Strtgc Fnd's key executives?

Western Asset Vrble Rate Strtgc Fnd's management team includes the following people:
  • Mr. Kenneth Donald Fuller, Chairman, Chief Exec. Officer and Pres (Age 61)
  • Mr. Richard F. Sennett, Principal Financial Officer (Age 49)
  • Mr. Andrew B. Shoup, Chief Admin. Officer and Sr. VP (Age 63)
  • Mr. Robert I. Frenkel, Chief Legal Officer and Sec. (Age 65)
  • Mr. Theodore Paul Becker, Chief Compliance Officer (Age 68)

What is Western Asset Vrble Rate Strtgc Fnd's stock symbol?

Western Asset Vrble Rate Strtgc Fnd trades on the New York Stock Exchange (NYSE) under the ticker symbol "GFY."

Who are Western Asset Vrble Rate Strtgc Fnd's major shareholders?

Western Asset Vrble Rate Strtgc Fnd's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (0.00%), Shaker Financial Services LLC (0.00%), UBS Group AG (0.00%), Wells Fargo & Company MN (0.00%) and Icon Advisers Inc. Co. (0.00%). View institutional ownership trends for Western Asset Vrble Rate Strtgc Fnd.

Which major investors are selling Western Asset Vrble Rate Strtgc Fnd stock?

GFY stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Wells Fargo & Company MN, and UBS Group AG. View insider buying and selling activity for Western Asset Vrble Rate Strtgc Fnd.

Which major investors are buying Western Asset Vrble Rate Strtgc Fnd stock?

GFY stock was purchased by a variety of institutional investors in the last quarter, including Icon Advisers Inc. Co., and Shaker Financial Services LLC. View insider buying and selling activity for Western Asset Vrble Rate Strtgc Fnd.

How do I buy shares of Western Asset Vrble Rate Strtgc Fnd?

Shares of GFY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Western Asset Vrble Rate Strtgc Fnd's stock price today?

One share of GFY stock can currently be purchased for approximately $15.33.

What is Western Asset Vrble Rate Strtgc Fnd's official website?

The official website for Western Asset Vrble Rate Strtgc Fnd is www.leggmason.com.

How can I contact Western Asset Vrble Rate Strtgc Fnd?

Western Asset Vrble Rate Strtgc Fnd's mailing address is 620 8th Ave Fl 49, NEW YORK, NY 10018-1618, United States. The financial services provider can be reached via phone at +1-888-7770102.

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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