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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Tuesday, November 26th,Wall Street Journal reports. Stockholders 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 dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, February 21st.

Western Asset Investment Grade Income Fund has decreased its dividend by an average of 2.5% per year over the last three years.

Western Asset Investment Grade Income Fund Trading Down 0.2 %

Shares of PAI traded down $0.03 during mid-day trading on Wednesday, reaching $12.41. The company’s stock had a trading volume of 2,708 shares, compared to its average volume of 18,817. Western Asset Investment Grade Income Fund has a 52 week low of $11.47 and a 52 week high of $13.18. The company’s fifty day moving average price is $12.72 and its two-hundred day moving average price is $12.41.

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.