Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Stockholders of record on Monday, September 23rd will be given 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 4.85%. The ex-dividend date is Monday, September 23rd.
Western Asset Investment Grade Income Fund has decreased its dividend payment by an average of 2.5% per year over the last three years.
Western Asset Investment Grade Income Fund Price Performance
NYSE PAI traded up $0.06 on Friday, hitting $12.75. 4,100 shares of the company traded hands, compared to its average volume of 20,041. The business’s 50 day moving average price is $12.41 and its 200-day moving average price is $12.13. Western Asset Investment Grade Income Fund has a 52-week low of $10.59 and a 52-week high of $12.94.
About Western Asset Investment Grade Income Fund
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.
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