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

Key Points

• Western Asset Investment Grade Income Fund Inc. has declared a monthly dividend of $0.0525 per share, to be paid on November 3rd to stockholders of record on October 24th, resulting in an annualized dividend yield of 4.9%.
• The fund's stock, trading under the ticker PAI, has shown a performance range between a twelve month low of $11.41 and a high of $13.66, with a current opening price of $12.77.
• Recent activity reveals several institutional investors have increased their holdings, with 18.99% of the stock owned by these investors and hedge funds.

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) declared a monthly dividend on Thursday, September 11th. Stockholders of record on Friday, October 24th will be paid a dividend of 0.0525 per share by the financial services provider on Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, October 24th.

Western Asset Investment Grade Income Fund Trading Up 0.1%

Shares of NYSE PAI opened at $12.77 on Friday. Western Asset Investment Grade Income Fund has a twelve month low of $11.41 and a twelve month high of $13.66. The business has a 50 day simple moving average of $12.76 and a 200-day simple moving average of $12.55.

Institutional Trading of Western Asset Investment Grade Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of PAI. Bank of America Corp DE lifted its position in Western Asset Investment Grade Income Fund by 35.3% in the 4th quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider's stock valued at $109,000 after purchasing an additional 2,267 shares during the last quarter. 1607 Capital Partners LLC grew its position in Western Asset Investment Grade Income Fund by 0.6% in the 1st quarter. 1607 Capital Partners LLC now owns 666,405 shares of the financial services provider's stock worth $8,563,000 after purchasing an additional 3,900 shares during the last quarter. Aviance Capital Partners LLC grew its position in Western Asset Investment Grade Income Fund by 18.4% in the 2nd quarter. Aviance Capital Partners LLC now owns 34,551 shares of the financial services provider's stock worth $448,000 after purchasing an additional 5,368 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Western Asset Investment Grade Income Fund in the second quarter valued at approximately $143,000. Finally, Shaker Financial Services LLC bought a new stake in shares of Western Asset Investment Grade Income Fund during the second quarter valued at approximately $145,000. 18.99% of the stock is owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Company Profile

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.

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