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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Wednesday, February 19th, NASDAQ Dividends reports. Stockholders of record on Monday, March 24th will be paid a dividend of 0.0525 per share by the financial services provider on Tuesday, April 1st. This represents a $0.63 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Monday, March 24th.

Western Asset Investment Grade Income Fund has raised its dividend payment by an average of 2.9% annually over the last three years.

Western Asset Investment Grade Income Fund Trading Up 1.1 %

Western Asset Investment Grade Income Fund stock opened at $12.85 on Friday. The firm’s 50 day moving average price is $12.57 and its two-hundred day moving average price is $12.62. Western Asset Investment Grade Income Fund has a twelve month low of $11.65 and a twelve month high of $13.18.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE lifted its position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 35.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,694 shares of the financial services provider’s stock after buying an additional 2,267 shares during the quarter. Bank of America Corp DE owned about 0.09% of Western Asset Investment Grade Income Fund worth $109,000 as of its most recent filing with the SEC. 18.99% of the stock is owned by institutional investors.

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.