Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Rating) announced a monthly dividend on Thursday, May 19th, Wall Street Journal reports. Stockholders of record on Wednesday, August 24th will be given a dividend of 0.0465 per share by the financial services provider on Thursday, September 1st. This represents a $0.56 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Tuesday, August 23rd.
Western Asset Investment Grade Income Fund has decreased its dividend by an average of 6.8% annually over the last three years.
Shares of NYSE PAI traded down $0.05 during trading hours on Thursday, hitting $12.38. The company had a trading volume of 6,563 shares, compared to its average volume of 20,911. Western Asset Investment Grade Income Fund has a 1-year low of $12.24 and a 1-year high of $17.41. The firm’s 50 day moving average is $13.05 and its 200-day moving average is $14.34.
Western Asset Investment Grade Income Fund Company Profile (Get Rating)
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.
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