Western Asset Investment Grade Income Fund Inc. (PAI) To Go Ex-Dividend on May 21st

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

Western Asset Investment Grade Income Fund Price Performance

Shares of Western Asset Investment Grade Income Fund stock opened at $12.94 on Wednesday. Western Asset Investment Grade Income Fund has a twelve month low of $11.41 and a twelve month high of $13.66. The company’s fifty day moving average is $12.60 and its 200 day moving average is $12.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. 1607 Capital Partners LLC increased its position in shares of Western Asset Investment Grade Income Fund by 9.8% during the fourth quarter. 1607 Capital Partners LLC now owns 712,889 shares of the financial services provider’s stock worth $8,897,000 after buying an additional 63,734 shares during the period. Guggenheim Capital LLC boosted its position in Western Asset Investment Grade Income Fund by 54.7% during the fourth quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider’s stock valued at $2,340,000 after acquiring an additional 66,296 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Western Asset Investment Grade Income Fund during the 4th quarter worth about $32,000. Karpus Management Inc. bought a new position in shares of Western Asset Investment Grade Income Fund in the 4th quarter worth about $113,000. Finally, Fiera Capital Corp raised its position in shares of Western Asset Investment Grade Income Fund by 44.0% in the 4th quarter. Fiera Capital Corp now owns 133,223 shares of the financial services provider’s stock worth $1,663,000 after acquiring an additional 40,732 shares in the last quarter. Institutional investors and hedge funds own 18.99% of the company’s stock.

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.