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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Friday, September 11th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.0525 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Wednesday, September 23rd.

Western Asset Investment Grade Income Fund Trading Down 0.5%

Shares of PAI traded down $0.06 on Friday, reaching $11.71. The stock had a trading volume of 21,681 shares, compared to its average volume of 21,932. The company has a 50-day simple moving average of $11.95 and a 200-day simple moving average of $12.11. Western Asset Investment Grade Income Fund has a 12-month low of $11.68 and a 12-month high of $13.01.

Western Asset Investment Grade Income Fund Company Profile

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.