SmarterDividends
WDI

Western Asset Diversified Income Fund

WDI

Financial Services · Asset Management · Stock · monthly payer

$11.38

Undervalued · +118% Add to Portfolio

Forward Yield

15.66%

Annual Dividend

$1.78

Payout Ratio

164%

5-Yr Growth

—

Ex-Date

Nov 20, 2026

Frequency

Monthly

Key facts about WDI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Western Asset Diversified Income Fund (WDI) has a forward dividend yield of 15.66%, based on an annual dividend of $1.78 per share and a share price of $11.38.
  • As of Oct 27, 2026, WDI's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Western Asset Diversified Income Fund (WDI) has raised its dividend for 4 consecutive years as of Oct 27, 2026.
  • WDI has never cut its regular dividend in the payment history SmarterDividends has on record.
  • WDI's next ex-dividend date is Nov 20, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, WDI pays out 164% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Oct 27, 2026, WDI's 15.66% yield is 56% above its five-year average yield of 10.03%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for WDI is $24.79 per share, 118% above the $11.38 share price, so WDI screens as undervalued.
  • Western Asset Diversified Income Fund (WDI) pays its dividend monthly, 12 times a year.
  • Western Asset Diversified Income Fund (WDI) has raised its regular dividend 9 times and cut it 0 times across the 63 payments on record since 2021. Its most recent change was a 3.5% increase to $0.149 per share, going ex-dividend on Jun 21, 2024.
Cite this page

SmarterDividends, "WDI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/WDI

Summary

As of Oct 27, 2026, Western Asset Diversified Income Fund (WDI) yields 15.66% ($1.78 a year per share), has a dividend safety grade of C (65/100) and has 4 consecutive years of dividend increases on record.

Is WDI a good dividend stock?

Yes, with caveats

Western Asset Diversified Income Fund (WDI) pays a monthly dividend yielding 15.66% ($1.78/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record

Risks

  • Elevated payout ratio (164%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
15.66%
Payout Ratio
164%
Annual Dividend
$1.78
5-Yr Avg Growth
—
Ex-Dividend Date
Nov 20, 2026
Years of Growth
4
Frequency
monthly
Beta
—
Market Cap
$590.8M
P/E Ratio
10.4
5-Yr Total Return
-38%
52-Week Range
$11.36 – $14.61
Dividend Safety
C · 65/100
Ever Cut?
No

WDI dividend raises and cuts

Western Asset Diversified Income Fund (WDI) has raised its regular dividend 9 times and cut it 0 times across the 63 payments on record since 2021. Its most recent change was a 3.5% increase to $0.149 per share, going ex-dividend on Jun 21, 2024.

Ex-dateChangeOld → newMove
Jun 21, 2024Raise$0.144 → $0.149+3.5%
Mar 20, 2024Raise$0.143 → $0.144+0.7%
Dec 20, 2023Raise$0.140 → $0.143+2.1%
Sep 21, 2023Raise$0.135 → $0.140+3.7%
Jun 22, 2023Raise$0.130 → $0.135+3.8%
Mar 23, 2023Raise$0.128 → $0.130+1.6%
Dec 21, 2022Raise$0.125 → $0.128+2.4%
Sep 22, 2022Raise$0.120 → $0.125+4.2%
Jun 22, 2022Raise$0.117 → $0.120+2.6%
Every WDI payment →Download every raise and cut (CSV)
WDI ex-dividend date & scheduleNext ex-date Nov 20, 2026 · full ex-dividend historyView →WDI dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is WDI a good dividend stock?

Yes, with caveats. Western Asset Diversified Income Fund (WDI) pays a monthly dividend yielding 15.66% ($1.78/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is WDI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WDI's fair value is about $24.79 versus a $11.38 share price — so it looks undervalued (+118% vs. fair value).

Is WDI's dividend safe?

WDI has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is WDI's fair value?

Our blended fair-value estimate for WDI is about $24.79 per share, roughly 118% above the current $11.38 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is WDI a buy, hold, or sell?

We don't issue formal ratings, but on the data WDI screens as "yes, with caveats" and undervalued. Western Asset Diversified Income Fund (WDI) pays a monthly dividend yielding 15.66% ($1.78/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will WDI cut its dividend?

WDI earns a dividend-safety grade of C (65/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does WDI pay a dividend?

Yes. Western Asset Diversified Income Fund pays a monthly dividend of about $1.78 per share annually, a forward yield of roughly 15.66%.

What is WDI's dividend yield?

As of Oct 27, 2026, WDI's forward dividend yield is 15.66%, based on a $1.78 annual dividend and a $11.38 share price.

What is WDI's dividend per share?

As of Oct 27, 2026, WDI pays $1.78 per share per year, distributed on a monthly basis.

What is WDI's dividend payout ratio?

As of Oct 27, 2026, WDI's payout ratio is 164% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has WDI grown its dividend?

As of Oct 27, 2026, WDI has increased its dividend for 4 consecutive years.

When is the next WDI ex-dividend date?

As of Oct 27, 2026, the next ex-dividend date on record for WDI is Nov 20, 2026.

Income Calculator

At $1.78 / yr per share

Per payment (monthly)$14.83
Annual$178.00
Monthly avg$14.83

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