Pacific American Income Shares (PAI) Receiving Somewhat Positive Press Coverage, Analysis Shows
Headlines about Pacific American Income Shares (NYSE:PAI) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pacific American Income Shares earned a news impact score of 0.21 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.7197908208278 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Pacific American Income Shares (PAI) opened at $15.79 on Friday. Pacific American Income Shares has a 1-year low of $13.59 and a 1-year high of $17.37.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 16th will be issued a dividend of $0.0575 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.69 annualized dividend and a dividend yield of 4.37%.
Separately, Stifel Nicolaus downgraded Pacific American Income Shares from a “hold” rating to a “sell” rating in a report on Monday, September 25th.
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About Pacific American Income Shares
Western Asset Income Fund (the Fund) is a closed-end diversified investment company. The Fund seeks a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. The Fund’s secondary investment objective is capital appreciation.
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