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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Thursday, May 21st. Investors of record on Monday, August 24th will be given a dividend of 0.0525 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Monday, August 24th.

Western Asset Investment Grade Income Fund Trading Down 0.6%

Western Asset Investment Grade Income Fund stock opened at $11.98 on Friday. The stock has a 50-day moving average price of $12.16 and a 200 day moving average price of $12.40. Western Asset Investment Grade Income Fund has a 52 week low of $11.72 and a 52 week high of $13.66.

About Western Asset Investment Grade Income Fund

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.

The fund’s portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.