Western Asset Investment Grade Income Fund Inc. Announces Dividend of $0.05 (NYSE:PAI)

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a dividend on Tuesday, June 17th, investing.com reports. Investors of record on Tuesday, June 24th will be given a dividend of 0.0525 per share by the financial services provider on Tuesday, July 1st. This represents a yield of 5.07%. The ex-dividend date of this dividend is Monday, June 23rd.

Western Asset Investment Grade Income Fund Trading Up 0.0%

NYSE PAI opened at $12.43 on Wednesday. Western Asset Investment Grade Income Fund has a fifty-two week low of $11.41 and a fifty-two week high of $13.18. The stock has a 50-day simple moving average of $12.30 and a two-hundred day simple moving average of $12.46.

Hedge Funds Weigh In On Western Asset Investment Grade Income Fund

A hedge fund recently raised its stake in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE increased its holdings in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 35.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,694 shares of the financial services provider’s stock after buying an additional 2,267 shares during the period. Bank of America Corp DE owned about 0.09% of Western Asset Investment Grade Income Fund worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.99% of the stock is owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Company Profile

Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents.