Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Plans Dividend Increase – $0.05 Per Share

Posted by Caroline Horne on Mar 25th, 2025

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) announced a dividend on Monday, March 24th, investing.com reports. Stockholders of record on Tuesday, March 25th will be paid a dividend of 0.0525 per share by the financial services provider on Tuesday, April 1st. This represents a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, March 24th. This is a 10.5% increase from Western Asset Investment Grade Income Fund’s previous dividend of $0.05.

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

Western Asset Investment Grade Income Fund Price Performance

PAI stock opened at $12.76 on Tuesday. Western Asset Investment Grade Income Fund has a fifty-two week low of $11.65 and a fifty-two week high of $13.18. The firm has a fifty day moving average price of $12.58 and a 200 day moving average price of $12.62.

Hedge Funds Weigh In On Western Asset Investment Grade Income Fund

A hedge fund recently raised its stake in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE grew its stake in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Free Report) by 35.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 0.09% of Western Asset Investment Grade Income Fund worth $109,000 as of its most recent SEC filing. Institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Company Profile

(Get Free Report)

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.