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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Wednesday, February 19th, NASDAQ Dividends reports. Investors of record on Monday, March 24th will be given a dividend of 0.0525 per share by the financial services provider on Tuesday, April 1st. This represents a $0.63 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Monday, March 24th.

Western Asset Investment Grade Income Fund has increased its dividend by an average of 2.9% annually over the last three years.

Western Asset Investment Grade Income Fund Stock Up 1.1 %

Shares of NYSE PAI opened at $12.85 on Friday. Western Asset Investment Grade Income Fund has a one year low of $11.65 and a one year high of $13.18. The business’s fifty day moving average price is $12.57 and its 200-day moving average price is $12.62.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

An institutional investor recently raised its position in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE raised its stake in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 35.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,694 shares of the financial services provider’s stock after purchasing an additional 2,267 shares during the quarter. Bank of America Corp DE owned 0.09% of Western Asset Investment Grade Income Fund worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 18.99% of the company’s stock.

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.