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 Friday, September 11th. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.0525 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Wednesday, September 23rd.

Western Asset Investment Grade Income Fund Trading Down 0.5%

NYSE PAI traded down $0.06 on Friday, hitting $11.71. The company’s stock had a trading volume of 21,681 shares, compared to its average volume of 21,932. Western Asset Investment Grade Income Fund has a 52-week low of $11.68 and a 52-week high of $13.01. The company’s 50-day simple moving average is $11.95 and its 200 day simple moving average is $12.11.

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.