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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Tuesday, November 26th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.0515 per share by the financial services provider on Monday, March 3rd. This represents a $0.62 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Friday, February 21st.

Western Asset Investment Grade Income Fund has decreased its dividend by an average of 2.5% per year over the last three years.

Western Asset Investment Grade Income Fund Price Performance

Shares of PAI traded down $0.03 during trading hours on Wednesday, hitting $12.41. The company’s stock had a trading volume of 2,708 shares, compared to its average volume of 18,817. The business has a 50 day simple moving average of $12.72 and a two-hundred day simple moving average of $12.41. Western Asset Investment Grade Income Fund has a 52-week low of $11.47 and a 52-week high of $13.18.

About Western Asset Investment Grade Income Fund

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.