Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) declared a monthly dividend on Thursday, May 21st. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.0525 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 23rd.
Western Asset Investment Grade Income Fund Stock Up 0.5%
NYSE PAI opened at $12.14 on Friday. The firm’s fifty day moving average price is $12.15 and its two-hundred day moving average price is $12.35. Western Asset Investment Grade Income Fund has a 1 year low of $11.72 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.
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