Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) announced a dividend on Wednesday, July 16th, investing.com reports. Stockholders of record on Friday, July 25th will be given a dividend of 0.0525 per share by the financial services provider on Friday, August 1st. This represents a dividend yield of 4.96%. The ex-dividend date of this dividend is Thursday, July 24th.
Western Asset Investment Grade Income Fund Stock Down 0.3%
Shares of PAI stock traded down $0.04 during trading hours on Friday, hitting $12.73. The company's stock had a trading volume of 3,871 shares, compared to its average volume of 16,044. The business has a fifty day moving average of $12.57 and a 200-day moving average of $12.49. Western Asset Investment Grade Income Fund has a twelve month low of $11.41 and a twelve month high of $13.66.
Institutional Trading of Western Asset Investment Grade Income Fund
An institutional investor recently raised its position in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE grew its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,694 shares of the financial services provider's stock after acquiring an additional 2,267 shares during the period. Bank of America Corp DE owned about 0.09% of Western Asset Investment Grade Income Fund worth $109,000 as of its most recent SEC filing. 18.99% of the stock is owned by hedge funds and other institutional investors.
About Western Asset Investment Grade Income Fund
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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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