Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) announced a monthly dividend on Friday, September 11th. Stockholders of record on Friday, October 23rd will be given a dividend of 0.0525 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, October 23rd.
Western Asset Investment Grade Income Fund Trading Down 0.5%
Western Asset Investment Grade Income Fund stock traded down $0.06 during trading hours on Friday, reaching $11.71. 21,681 shares of the stock were exchanged, compared to its average volume of 21,932. The stock has a 50 day moving average of $11.95 and a two-hundred day moving average of $12.11. Western Asset Investment Grade Income Fund has a twelve month low of $11.68 and a twelve month 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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