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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Friday, May 24th, Wall Street Journal reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.0515 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.62 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Friday, August 23rd.

Western Asset Investment Grade Income Fund has decreased its dividend by an average of 2.5% annually over the last three years and has raised its dividend every year for the last 2 years.

Western Asset Investment Grade Income Fund Stock Performance

Western Asset Investment Grade Income Fund stock opened at $11.96 on Friday. The firm has a 50-day moving average of $12.00 and a 200-day moving average of $11.93. Western Asset Investment Grade Income Fund has a one year low of $10.59 and a one year high of $12.29.

Western Asset Investment Grade Income Fund Company Profile

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.