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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a dividend on Wednesday, July 16th, investing.com reports. Stockholders of record on Friday, July 25th will be given a dividend of 0.0525 per share by the financial services provider on Friday, August 1st. This represents a dividend yield of 4.96%. The ex-dividend date is Thursday, July 24th.

Western Asset Investment Grade Income Fund Trading Up 0.4%

NYSE PAI opened at $12.76 on Friday. Western Asset Investment Grade Income Fund has a 52-week low of $11.41 and a 52-week high of $13.66. The firm’s 50 day moving average price is $12.56 and its 200-day moving average price is $12.49.

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 raised its stake in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 35.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,694 shares of the financial services provider’s stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.99% of the stock is currently owned by institutional investors.

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.