Western Asset Investment Grade Income Fund Inc. (PAI) to Issue Monthly Dividend of $0.05 on November 30th

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Friday, September 11th. Shareholders of record on Friday, November 20th will be given a dividend of 0.0525 per share by the financial services provider on Monday, November 30th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset Investment Grade Income Fund Stock Down 0.5%

Shares of PAI opened at $11.71 on Friday. The business’s 50-day moving average is $11.95 and its two-hundred day moving average is $12.11. Western Asset Investment Grade Income Fund has a fifty-two week low of $11.68 and a fifty-two week high of $13.01.

Institutional Trading of Western Asset Investment Grade Income Fund

Hedge funds have recently modified their holdings of the stock. Waverly Advisors LLC acquired a new stake in Western Asset Investment Grade Income Fund during the second quarter worth about $269,000. Susquehanna International Group LLP lifted its stake in shares of Western Asset Investment Grade Income Fund by 16.0% in the 2nd quarter. Susquehanna International Group LLP now owns 12,605 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,734 shares during the period. Bank of America Corp DE acquired a new position in shares of Western Asset Investment Grade Income Fund in the second quarter worth about $240,000. Fifth Third Bancorp purchased a new position in Western Asset Investment Grade Income Fund during the first quarter worth approximately $30,000. Finally, Sit Investment Associates Inc. purchased a new position in shares of Western Asset Investment Grade Income Fund during the 4th quarter valued at approximately $14,335,000. Hedge funds and other institutional investors own 18.99% of the company’s stock.

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.