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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.0525 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Thursday, May 21st.

Western Asset Investment Grade Income Fund Price Performance

PAI traded up $0.04 during trading hours on Monday, reaching $12.73. 2,135 shares of the stock traded hands, compared to its average volume of 10,843. Western Asset Investment Grade Income Fund has a fifty-two week low of $11.41 and a fifty-two week high of $13.66. The firm’s fifty day simple moving average is $12.59 and its two-hundred day simple moving average is $12.61.

Western Asset Investment Grade Income Fund Company Profile

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.

The fund’s portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.