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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Thursday, September 12th,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 dividend yield of 4.87%. The ex-dividend date of this dividend is Thursday, November 21st.

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 Stock Performance

PAI stock opened at $12.70 on Tuesday. Western Asset Investment Grade Income Fund has a 1-year low of $11.36 and a 1-year high of $13.18. The business has a 50-day moving average price of $12.74 and a 200 day moving average price of $12.40.

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.