Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) declared a monthly dividend on Friday, September 11th. Shareholders of record on Friday, October 23rd will be given a dividend of 0.0525 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, October 23rd.
Western Asset Investment Grade Income Fund Trading Down 0.5%
Shares of PAI opened at $11.71 on Friday. Western Asset Investment Grade Income Fund has a 52 week low of $11.68 and a 52 week high of $13.01. The firm’s 50-day simple moving average is $11.95 and its 200 day simple moving average is $12.11.
About Western Asset Investment Grade Income Fund
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.
Further Reading
- Five stocks we like better than Western Asset Investment Grade Income Fund
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Western Asset Investment Grade Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Investment Grade Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
