Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Increases Dividend to $0.05 Per Share

Posted by Scott Davis on Mar 26th, 2025

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) declared a dividend on Monday, March 24th, investing.com reports. Shareholders of record on Tuesday, March 25th will be given a dividend of 0.0525 per share by the financial services provider on Tuesday, April 1st. This represents a yield of 4.91%. The ex-dividend date is Monday, March 24th. This is a 10.5% increase from Western Asset Investment Grade Income Fund’s previous dividend of $0.05.

Western Asset Investment Grade Income Fund has increased its dividend payment by an average of 2.9% annually over the last three years.

Western Asset Investment Grade Income Fund Stock Up 0.8 %

Shares of PAI opened at $12.92 on Wednesday. Western Asset Investment Grade Income Fund has a 52-week low of $11.65 and a 52-week high of $13.18. The stock has a fifty day simple moving average of $12.60 and a two-hundred day simple moving average of $12.62.

Hedge Funds Weigh In On Western Asset Investment Grade Income Fund

An institutional investor recently raised its position in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE lifted its position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Free Report) by 35.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,694 shares of the financial services provider’s stock after buying an additional 2,267 shares during the period. Bank of America Corp DE owned approximately 0.09% of Western Asset Investment Grade Income Fund worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.99% of the stock is owned by institutional investors.

About Western Asset Investment Grade Income Fund

(Get Free Report)

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.