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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.0525 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Investment Grade Income Fund Trading Up 0.3%

Shares of PAI stock traded up $0.04 during mid-day trading on Monday, reaching $12.73. The company’s stock had a trading volume of 2,135 shares, compared to its average volume of 11,221. The firm’s 50-day moving average is $12.59 and its two-hundred day moving average is $12.61. Western Asset Investment Grade Income Fund has a 1-year low of $11.41 and a 1-year high of $13.66.

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.