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

by · The Markets Daily

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) announced a monthly dividend on Friday, September 11th. Stockholders of record on Friday, November 20th will be paid a dividend of 0.0525 per share by the financial services provider on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset Investment Grade Income Fund Stock Down 0.5%

Shares of PAI traded down $0.06 during mid-day trading on Friday, hitting $11.71. 21,681 shares of the company traded hands, compared to its average volume of 21,932. The stock has a 50-day moving average price of $11.95 and a two-hundred day moving average price of $12.11. Western Asset Investment Grade Income Fund has a 1 year low of $11.68 and a 1 year high of $13.01.

About Western Asset Investment Grade Income Fund

(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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