Western Asset Investment Grade Income Fund Inc. (PAI) to Issue Monthly Dividend of $0.05 on November 1st

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Friday, September 13th, Wall Street Journal reports. Shareholders of record on Thursday, October 24th will be paid a dividend of 0.0515 per share by the financial services provider on Friday, November 1st. This represents a $0.62 annualized dividend and a yield of 4.92%. The ex-dividend date is Thursday, October 24th.

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 Trading Down 0.9 %

Shares of PAI opened at $12.56 on Tuesday. Western Asset Investment Grade Income Fund has a 52-week low of $10.59 and a 52-week high of $13.18. The business’s fifty day moving average is $12.71 and its 200-day moving average is $12.29.

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.