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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Thursday, May 21st. Shareholders of record on Friday, July 24th will be given a dividend of 0.0525 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, July 24th.

Western Asset Investment Grade Income Fund Price Performance

NYSE:PAI opened at $11.98 on Friday. The business’s 50-day moving average is $12.16 and its two-hundred day moving average is $12.40. Western Asset Investment Grade Income Fund has a 12 month low of $11.72 and a 12 month high of $13.66.

Institutional Trading of Western Asset Investment Grade Income Fund

Several large investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new stake in shares of Western Asset Investment Grade Income Fund during the first quarter valued at about $30,000. Sit Investment Associates Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund during the fourth quarter valued at about $14,335,000. 1607 Capital Partners LLC grew its stake in Western Asset Investment Grade Income Fund by 9.8% in the fourth quarter. 1607 Capital Partners LLC now owns 712,889 shares of the financial services provider’s stock worth $8,897,000 after purchasing an additional 63,734 shares in the last quarter. Guggenheim Capital LLC grew its stake in Western Asset Investment Grade Income Fund by 54.7% in the fourth quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider’s stock worth $2,340,000 after purchasing an additional 66,296 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Western Asset Investment Grade Income Fund in the fourth quarter worth about $32,000. 18.99% of the stock is currently owned by institutional investors and hedge funds.

About Western Asset Investment Grade Income Fund

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.