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

Posted by Geri Gentry on Feb 23rd, 2025

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Free Report) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.0525 per share by the financial services provider on Monday, June 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Thursday, May 22nd.

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

Western Asset Investment Grade Income Fund Price Performance

Western Asset Investment Grade Income Fund stock opened at $12.69 on Friday. The firm has a fifty day moving average of $12.48 and a 200-day moving average of $12.60. Western Asset Investment Grade Income Fund has a 52-week low of $11.65 and a 52-week 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 increased its stake in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Free Report) by 35.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,694 shares of the financial services provider’s stock after buying an additional 2,267 shares during the quarter. Bank of America Corp DE owned about 0.09% of Western Asset Investment Grade Income Fund worth $109,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Company Profile

(Get Free Report)

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.