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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Monday, February 23rd. Investors of record on Thursday, April 23rd will be given a dividend of 0.0525 per share by the financial services provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, April 23rd.

Western Asset Investment Grade Income Fund Trading Up 0.3%

NYSE:PAI traded up $0.04 on Monday, hitting $12.73. 2,135 shares of the company’s stock were exchanged, compared to its average volume of 10,843. The firm has a 50-day moving average price of $12.59 and a 200-day moving average price of $12.61. Western Asset Investment Grade Income Fund has a 52 week low of $11.41 and a 52 week high of $13.66.

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.