Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) declared a monthly dividend on Friday, September 11th. Investors of record on Friday, November 20th will be paid a dividend of 0.0525 per share by the financial services provider on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, November 20th.
Western Asset Investment Grade Income Fund Price Performance
PAI stock opened at $11.71 on Friday. The firm has a 50-day simple moving average of $11.95 and a two-hundred day simple moving average of $12.11. Western Asset Investment Grade Income Fund has a one year low of $11.68 and a one year high of $13.01.
About Western Asset Investment Grade Income Fund
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.
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