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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Investors of record on Monday, September 23rd will be paid a dividend of 0.0515 per share by the financial services provider on Tuesday, October 1st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, September 23rd.

Western Asset Investment Grade Income Fund has decreased its dividend by an average of 2.5% per year over the last three years.

Western Asset Investment Grade Income Fund Stock Up 0.7 %

Shares of NYSE PAI opened at $12.89 on Friday. Western Asset Investment Grade Income Fund has a 1 year low of $10.59 and a 1 year high of $12.97. The business has a 50-day moving average of $12.49 and a two-hundred day moving average of $12.18.

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.