Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Announces $0.05 Monthly Dividend

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Thursday, November 20th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.0525 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

Western Asset Investment Grade Income Fund Price Performance

Shares of PAI stock traded down $0.12 during trading hours on Thursday, reaching $12.29. The company had a trading volume of 46,635 shares, compared to its average volume of 18,465. Western Asset Investment Grade Income Fund has a 12-month low of $11.41 and a 12-month high of $13.66. The stock has a fifty day moving average of $12.67 and a 200-day moving average of $12.64.

About Western Asset Investment Grade Income Fund

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.