Western Asset Inflation-Linked Income Fund
WIAFinancial Services · Stock · monthly payer
Forward Yield
7.80%
Annual Dividend
$0.62
Payout Ratio
109%
5-Yr Growth
9.9%
Ex-Date
Aug 24, 2026
Frequency
Monthly
Summary
As of August 2026, Western Asset Inflation-Linked Income Fund (WIA) yields 7.80% ($0.62 per share annually), with a blended fair-value estimate of $18.99 — +138% upside, so it screens as undervalued. Dividend safety grade: C (60/100). 1 years of dividend growth.
Is WIA a good dividend stock?
Yes, with caveatsWestern Asset Inflation-Linked Income Fund (WIA) pays a monthly dividend yielding 7.80% ($0.62/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 9.9% 5-yr dividend growth
Risks
- Cut its dividend in 2020
- Elevated payout ratio (109%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.80%
- Payout Ratio
- 109%
- Annual Dividend
- $0.62
- 5-Yr Avg Growth
- 9.9%
- Ex-Dividend Date
- Aug 24, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.48
- Market Cap
- $185.9M
- P/E Ratio
- 14.0
- 5-Yr Total Return
- -42%
- 52-Week Range
- $7.90 – $8.54
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
WIA Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
+2%
5 Years
-42%
52-Week Range
$7.90 – $8.54
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WIA worth?
Undervaluedlow confidenceOur blended fair-value estimate for Western Asset Inflation-Linked Income Fund is $18.99 per share, versus a market price of $7.97. That implies 138% of upside — a margin of safety of about 58%.
Fair Value
$18.99
Current Price
$7.97
Upside
+138%
Margin of Safety
58%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 11.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 11.6% stage-1 growth, 2.5% terminal growth, $0.57 EPS, $0.62 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WIA Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 24, 2026 | — | $0.0520 | regular |
| Jun 23, 2026 | — | $0.0520 | regular |
| May 21, 2026 | — | $0.0520 | regular |
| Apr 23, 2026 | — | $0.0520 | regular |
| Mar 24, 2026 | — | $0.0520 | regular |
| Feb 20, 2026 | — | $0.0520 | regular |
| Jan 23, 2026 | — | $0.0520 | regular |
| Dec 23, 2025 | — | $0.0520 | regular |
| Nov 20, 2025 | — | $0.0520 | regular |
| Oct 24, 2025 | — | $0.0520 | regular |
| Sep 23, 2025 | — | $0.0520 | regular |
| Aug 22, 2025 | — | $0.0520 | regular |
| Jul 24, 2025 | — | $0.0520 | regular |
| Jun 23, 2025 | — | $0.0520 | regular |
Income Calculator
At $0.62 / yr per share
