Western Asset Investment Grade Income Fund Inc. (PAI) To Go Ex-Dividend on February 21st

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Monday, November 25th,Wall Street Journal reports. Investors of record on Friday, February 21st will be paid 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 yield of 4.89%. The ex-dividend date is Friday, February 21st.

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

Western Asset Investment Grade Income Fund Price Performance

Shares of Western Asset Investment Grade Income Fund stock opened at $12.65 on Wednesday. Western Asset Investment Grade Income Fund has a 1-year low of $11.65 and a 1-year high of $13.18. The business’s fifty day moving average price is $12.48 and its two-hundred day moving average price is $12.59.

Institutional Investors Weigh In On 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 holdings in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 35.3% during the 4th quarter, according to the company in its most recent 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 quarter. Bank of America Corp DE owned approximately 0.09% of Western Asset Investment Grade Income Fund worth $109,000 at the end of the most recent quarter. Institutional investors and hedge funds own 18.99% of the company’s stock.

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.