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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Monday, September 16th, Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be paid 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 4.83%. The ex-dividend date is Thursday, November 21st.

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 Trading Up 0.4 %

Shares of PAI stock traded up $0.05 during trading hours on Monday, hitting $12.80. The company had a trading volume of 10,218 shares, compared to its average volume of 19,986. Western Asset Investment Grade Income Fund has a 12 month low of $10.59 and a 12 month high of $12.94. The firm’s fifty day moving average is $12.42 and its 200 day moving average is $12.14.

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.