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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Thursday, May 21st. Shareholders 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 5.3%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Western Asset Investment Grade Income Fund Stock Performance

Shares of PAI stock opened at $11.98 on Friday. The company’s 50-day simple moving average is $12.16 and its two-hundred day simple moving average is $12.40. Western Asset Investment Grade Income Fund has a one year low of $11.72 and a one 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.