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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Thursday, September 12th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be given a dividend of 0.0515 per share by the financial services provider on Monday, December 2nd. This represents a $0.62 annualized dividend and a yield of 4.94%. The ex-dividend date is Thursday, November 21st.

Western Asset Investment Grade Income Fund has decreased its dividend by an average of 2.5% annually over the last three years.

Western Asset Investment Grade Income Fund Stock Performance

PAI stock opened at $12.52 on Wednesday. The stock’s 50 day moving average is $12.74 and its two-hundred day moving average is $12.40. Western Asset Investment Grade Income Fund has a 52-week low of $11.36 and a 52-week high of $13.18.

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.