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

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

Western Asset Investment Grade Income Fund Price Performance

PAI stock traded down $0.06 during trading on Friday, reaching $11.71. 21,681 shares of the company were exchanged, compared to its average volume of 21,932. The company has a 50-day moving average of $11.95 and a two-hundred day moving average of $12.11. Western Asset Investment Grade Income Fund has a twelve month low of $11.68 and a twelve 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.