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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Monday, November 25th,NASDAQ Dividends reports. Stockholders of record on Monday, December 23rd will be paid 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 by an average of 2.5% annually over the last three years.

Western Asset Investment Grade Income Fund Price Performance

Shares of PAI opened at $12.40 on Wednesday. Western Asset Investment Grade Income Fund has a fifty-two week low of $11.42 and a fifty-two week high of $13.18. The business has a 50-day moving average of $12.72 and a 200 day moving average of $12.41.

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.