Western Asset Corporate Loan Fund Company Profile (NYSE:TLI)

About Western Asset Corporate Loan Fund (NYSE:TLI)

Western Asset Corporate Loan Fund logoWestern Asset Corporate Loan Fund Inc., formerly LMP Corporate Loan Fund Inc., is a non-diversified, closed-end management investment company. The Fund's investment objective is to maximize current income consistent with prudent efforts to preserve capital. The Fund invests primarily in floating or variable-rate collateralized senior loans to corporations, partnerships or other business entities operating in various industries and geographic regions. The Fund invests at least 80% of total assets in collateralized senior loans. Its long-term investments include senior loans, corporate bonds and notes, and common stocks. The Fund may also invest up to 20% of total assets in uncollateralized senior loans; investment and non-investment grade corporate debt securities; the United States government debt; money market instruments, and derivatives. Legg Mason Partners Fund Advisor, LLC is the investment manager of the Fund. Western Asset Management Company is the sub advisor of the Fund.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Closed-End Fund - Debt
  • Sub-Industry: N/A
  • Symbol: NYSE:TLI
  • CUSIP: N/A
  • Web: N/A
Average Prices:
  • 50 Day Moving Avg: $11.45
  • 200 Day Moving Avg: $11.39
  • 52 Week Range: $10.03 - $12.10
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: 0.00
Misc:
  • Average Volume: 31,798 shs.
  • Beta: 0.45
 

Frequently Asked Questions for Western Asset Corporate Loan Fund (NYSE:TLI)

What is Western Asset Corporate Loan Fund's stock symbol?

Western Asset Corporate Loan Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "TLI."

How often does Western Asset Corporate Loan Fund pay dividends? What is the dividend yield for Western Asset Corporate Loan Fund?

Western Asset Corporate Loan Fund declared a monthly dividend on Thursday, May 18th. Shareholders of record on Friday, August 25th will be given a dividend of $0.0675 per share on Friday, September 1st. This represents a $0.81 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date is Wednesday, August 23rd. View Western Asset Corporate Loan Fund's Dividend History.

Who are some of Western Asset Corporate Loan Fund's key competitors?

How do I buy Western Asset Corporate Loan Fund stock?

Shares of Western Asset Corporate Loan Fund can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Western Asset Corporate Loan Fund stock cost?

One share of Western Asset Corporate Loan Fund stock can currently be purchased for approximately $11.60.

Analyst Ratings

Consensus Ratings for Western Asset Corporate Loan Fund (NYSE:TLI) (?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A

Analysts' Ratings History for Western Asset Corporate Loan Fund (NYSE:TLI)
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No equities research coverage for this company has been tracked by MarketBeat.com

Earnings

Earnings History for Western Asset Corporate Loan Fund (NYSE:TLI)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for Western Asset Corporate Loan Fund (NYSE:TLI)

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for Western Asset Corporate Loan Fund (NYSE:TLI)
Next Dividend:9/1/2017
Annual Dividend:$0.87
Dividend Yield:7.50%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:
Dividend Payments by Quarter for Western Asset Corporate Loan Fund (NYSE:TLI)

Dividend History by Quarter for Western Asset Corporate Loan Fund (NYSE:TLI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/18/2017monthly$0.077.08%8/23/20178/25/20179/1/2017
5/18/2017monthly$0.077.08%6/21/20176/23/20177/3/2017
5/18/2017monthly$0.077.08%7/19/20177/21/20178/1/2017
2/16/2017monthly$0.077.46%4/19/20174/21/20175/1/2017
2/16/2017monthly$0.077.46%5/17/20175/19/20176/1/2017
2/16/2017monthly$0.077.46%3/22/20173/24/20174/3/2017
5/21/2015monthly$0.077.71%7/22/20157/24/20157/31/2015
5/21/2015monthly$0.077.71%6/17/20156/19/20156/26/2015
5/21/2015monthly$0.077.71%8/19/20158/21/20158/28/2015
2/19/2015monthly$0.077.9%3/18/20153/20/20153/27/2015
2/19/2015monthly$0.077.9%4/15/20154/17/20154/24/2015
2/19/2015monthly$0.077.9%5/20/20155/22/20155/29/2015
11/19/2014monthly$0.077.76%2/18/20152/20/20152/27/2015
11/19/2014monthly$0.077.76%1/21/20151/23/20151/30/2015
11/19/2014monthly$0.077.76%12/17/201412/19/201412/26/2014
8/18/2014monthly$0.077.36%9/17/20149/19/20149/26/2014
8/18/2014monthly$0.077.36%10/22/201410/24/201410/31/2014
8/18/2014monthly$0.077.36%11/19/201411/21/201411/28/2014
7/10/2014aug 14$0.077.21%8/20/20148/22/20148/29/2014
6/12/2014jul 14$0.077.32%7/16/20147/18/20147/25/2014
5/20/2014jun 14$0.077.29%6/18/20146/20/20146/27/2014
4/28/2014may 14$0.077.23%5/21/20145/23/20145/30/2014
4/7/2014apr 14$0.074/15/20144/17/20144/25/2014
2/11/2014monthly$0.077.08%2/19/20142/21/20142/28/2014
2/11/2014feb 14$0.072/19/20142/21/20142/28/2014
1/8/2014monthly$0.076.99%1/22/20141/24/20141/31/2014
1/8/2014jan 14$0.071/22/20141/24/20141/31/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Western Asset Corporate Loan Fund (NYSE:TLI)
Institutional Ownership Percentage: 26.22%
Insider Trades by Quarter for Western Asset Corporate Loan Fund (NYSE:TLI)
Insider Trades by Quarter for Western Asset Corporate Loan Fund (NYSE:TLI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/31/2013Kenneth FullerCEOBuy1,000$12.20$12,200.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Western Asset Corporate Loan Fund (NYSE:TLI)
Latest Headlines for Western Asset Corporate Loan Fund (NYSE:TLI)
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Western Asset Corporate Loan Fund (TLI) Chart for Monday, May, 22, 2017

This page was last updated on 5/22/2017 by MarketBeat.com Staff