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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Wednesday, November 27th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.0515 per share by the financial services provider on Monday, March 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, February 21st.

Western Asset Investment Grade Income Fund has decreased its dividend by an average of 2.5% per year over the last three years.

Western Asset Investment Grade Income Fund Stock Down 0.2 %

Shares of PAI stock traded down $0.03 during trading on Wednesday, reaching $12.41. 2,708 shares of the company’s stock were exchanged, compared to its average volume of 18,817. Western Asset Investment Grade Income Fund has a twelve month low of $11.47 and a twelve month high of $13.18. The firm’s fifty day moving average price is $12.72 and its 200-day moving average price is $12.41.

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.