Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) announced a monthly dividend on Thursday, September 12th,Wall Street Journal reports. Stockholders 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 dividend yield of 4.94%. The ex-dividend date is Thursday, November 21st.
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 Stock Performance
PAI stock opened at $12.52 on Wednesday. Western Asset Investment Grade Income Fund has a 52-week low of $11.36 and a 52-week high of $13.18. The stock’s fifty day simple moving average is $12.74 and its 200-day simple moving average is $12.40.
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.
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