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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Monday, February 23rd. Investors 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 of this dividend is Thursday, May 21st.

Western Asset Investment Grade Income Fund Price Performance

Shares of PAI opened at $12.73 on Tuesday. Western Asset Investment Grade Income Fund has a twelve month low of $11.41 and a twelve month high of $13.66. The firm has a fifty day simple moving average of $12.59 and a two-hundred day simple moving average of $12.61.

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.