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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Friday, September 13th, Wall Street Journal reports. Stockholders of record on Thursday, October 24th will be given a dividend of 0.0515 per share by the financial services provider on Friday, November 1st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Thursday, October 24th.

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 Performance

NYSE:PAI traded up $0.06 during midday trading on Friday, reaching $12.75. The stock had a trading volume of 4,100 shares, compared to its average volume of 20,041. The firm has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $12.13. Western Asset Investment Grade Income Fund has a 12-month low of $10.59 and a 12-month 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.