Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) declared a monthly dividend on Friday, September 13th, Wall Street Journal reports. Stockholders of record on Thursday, October 24th will be paid a dividend of 0.0515 per share by the financial services provider on Friday, November 1st. This represents a $0.62 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, October 24th.
Western Asset Investment Grade Income Fund has decreased its dividend by an average of 2.5% annually over the last three years.
Western Asset Investment Grade Income Fund Trading Up 0.6 %
Shares of PAI opened at $12.76 on Friday. The stock has a fifty day moving average price of $12.42 and a two-hundred day moving average price of $12.14. Western Asset Investment Grade Income Fund has a 52-week low of $10.59 and a 52-week high of $12.94.
About Western Asset Investment Grade Income Fund
Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents.
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