Western Asset Investment Grade Income Fund Inc. (PAI) To Go Ex-Dividend on May 21st

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.0525 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Investment Grade Income Fund Stock Performance

Shares of NYSE PAI opened at $12.10 on Tuesday. Western Asset Investment Grade Income Fund has a 12 month low of $11.72 and a 12 month high of $13.66. The company has a 50 day simple moving average of $12.18 and a two-hundred day simple moving average of $12.41.

Hedge Funds Weigh In On Western Asset Investment Grade Income Fund

Large investors have recently made changes to their positions in the company. Wolverine Asset Management LLC lifted its stake in shares of Western Asset Investment Grade Income Fund by 469.6% in the 4th quarter. Wolverine Asset Management LLC now owns 53,564 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 44,160 shares during the period. Karpus Management Inc. acquired a new position in shares of Western Asset Investment Grade Income Fund in the 4th quarter valued at $113,000. Baird Financial Group Inc. lifted its stake in shares of Western Asset Investment Grade Income Fund by 85.4% in the 2nd quarter. Baird Financial Group Inc. now owns 31,782 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 14,644 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Western Asset Investment Grade Income Fund by 54.7% in the 4th quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider’s stock valued at $2,340,000 after purchasing an additional 66,296 shares during the period. Finally, Fifth Third Bancorp acquired a new position in shares of Western Asset Investment Grade Income Fund in the 1st quarter valued at $30,000. 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.