Western Asset Investment Grade Income Fund Inc. (PAI) to Issue Monthly Dividend of $0.05 on June 2nd

Posted by Tammy Falkenburg on Feb 22nd, 2025

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Thursday, May 22nd will be given a dividend of 0.0525 per share by the financial services provider on Monday, June 2nd. This represents a $0.63 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Thursday, May 22nd. This is an increase from Western Asset Investment Grade Income Fund’s previous monthly dividend of $0.05.

Western Asset Investment Grade Income Fund has raised its dividend by an average of 2.9% per year over the last three years.

Western Asset Investment Grade Income Fund Stock Performance

PAI stock opened at $12.69 on Friday. Western Asset Investment Grade Income Fund has a 1-year low of $11.65 and a 1-year high of $13.18. The business has a fifty day moving average price of $12.48 and a 200-day moving average price of $12.59.

Institutional Trading of Western Asset Investment Grade Income Fund

An institutional investor recently raised its position in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE boosted its position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Free Report) by 35.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,694 shares of the financial services provider’s stock after acquiring an additional 2,267 shares during the quarter. Bank of America Corp DE owned 0.09% of Western Asset Investment Grade Income Fund worth $109,000 at the end of the most recent reporting period. 18.99% of the stock is owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Company Profile

(Get Free Report)

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.