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) declared a monthly dividend on Monday, November 25th,NASDAQ Dividends reports. Investors of record on Monday, December 23rd will be given a dividend of 0.0515 per share by the financial services provider on Tuesday, December 31st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, December 23rd.

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

Western Asset Investment Grade Income Fund Price Performance

Shares of NYSE:PAI traded down $0.09 on Tuesday, hitting $12.40. The company had a trading volume of 12,338 shares, compared to its average volume of 18,897. The stock has a 50 day moving average price of $12.72 and a 200 day moving average price of $12.41. Western Asset Investment Grade Income Fund has a 1-year low of $11.42 and a 1-year high of $13.18.

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.