Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) declared a monthly dividend on Wednesday, February 19th, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 23rd will be paid a dividend of 0.0525 per share by the financial services provider on Thursday, May 1st. This represents a $0.63 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Wednesday, April 23rd.
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 PAI traded up $0.19 during trading hours on Wednesday, hitting $12.95. The company had a trading volume of 10,061 shares, compared to its average volume of 17,400. The business has a fifty day moving average of $12.61 and a 200-day moving average of $12.62. Western Asset Investment Grade Income Fund has a 12 month low of $11.65 and a 12 month high of $13.18.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE lifted its position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. 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.
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