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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.0525 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, March 24th.

Western Asset Investment Grade Income Fund Stock Up 0.3%

Shares of PAI stock opened at $12.73 on Tuesday. The business’s fifty day moving average is $12.59 and its 200 day moving average is $12.61. Western Asset Investment Grade Income Fund has a twelve month low of $11.41 and a twelve month high of $13.66.

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.