Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) to Issue Monthly Dividend of $0.05

by · The Cerbat Gem

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) announced a monthly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.0525 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, June 23rd.

Western Asset Investment Grade Income Fund Trading Down 0.6%

Shares of NYSE:PAI opened at $11.98 on Friday. The firm’s 50 day moving average price is $12.16 and its 200-day moving average price is $12.40. Western Asset Investment Grade Income Fund has a twelve month low of $11.72 and a twelve month high of $13.66.

Western Asset Investment Grade Income Fund Company Profile

(Get Free Report)

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.

The fund’s portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.

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