Western Asset Investment Grade Income Fund Inc. (PAI) To Go Ex-Dividend on May 22nd

Posted by James Quigley on Feb 23rd, 2025

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) declared a monthly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be paid 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 of this dividend is Thursday, May 22nd.

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

Western Asset Investment Grade Income Fund Trading Up 0.4 %

Shares of PAI opened at $12.69 on Friday. Western Asset Investment Grade Income Fund has a fifty-two week low of $11.65 and a fifty-two week high of $13.18. The stock has a fifty day moving average of $12.48 and a two-hundred day moving average of $12.60.

Institutional Trading of 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 raised its stake in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Free Report) by 35.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,694 shares of the financial services provider’s stock after purchasing an additional 2,267 shares during the period. 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. Institutional investors and hedge funds own 18.99% of the company’s stock.

About Western Asset Investment Grade Income Fund

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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.