Western Asset Investment Grade Income Fund Inc. (PAI) to Distribute Monthly Dividend of $0.05 on July 31st

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Thursday, May 21st. Stockholders of record on Friday, July 24th will be given a dividend of 0.0525 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, July 24th.

Western Asset Investment Grade Income Fund Stock Down 0.2%

Shares of PAI stock opened at $12.00 on Wednesday. Western Asset Investment Grade Income Fund has a 1-year low of $11.72 and a 1-year high of $13.09. The stock’s 50-day moving average is $12.10 and its 200 day moving average is $12.30.

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.