NYSE:PAI

Western Asset Investment Grade Income Fund Stock Forecast, Price & News

$15.75

+0.18 (+1.16 %)

(As of 01/19/2021 12:00 AM ET)

Add

Compare

Today's Range

$15.41

Now: $15.75▼

$16.46

50-Day Range

$15.33

MA: $15.66▼

$16.00

52-Week Range

$11.17

Now: $15.75▼

$17.32

Volume27,062 shs

Average Volume8,242 shs

Market Capitalization$149.44 million

P/E RatioN/A

Dividend Yield3.92%

Beta0.47

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. The fund benchmarks the performance of its portfolio against the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. Western Asset Income Fund was formed on March 22, 1973 and is domiciled in the United States.

Overall MarketRank^™

0.61 out of 5 stars

Finance Sector

1493rd out of 1,939 stocks

Investment Offices, Not Elsewhere Classified Industry

138th out of 172 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Western Asset Investment Grade Income Fund.

2.2 Community Rank

Outperform Votes
Western Asset Investment Grade Income Fund has received 112 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Western Asset Investment Grade Income Fund has received 140 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Western Asset Investment Grade Income Fund has received 55.56% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Western Asset Investment Grade Income Fund and other stocks. Vote “Outperform” if you believe PAI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PAI will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.8 Dividend Strength

Dividend Yield
Western Asset Investment Grade Income Fund pays a meaningful dividend of 3.92%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Western Asset Investment Grade Income Fund has only been increasing its dividend for 1 years.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Asset Investment Grade Income Fund insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Western Asset Investment Grade Income Fund is held by insiders.
Percentage Held by Institutions
Only 6.04% of the stock of Western Asset Investment Grade Income Fund is held by institutions.

0.0 Earnings and Valuation

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Investment offices, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:PAI

Previous Symbol

CUSIPN/A

CIK75398

Webinstitutional.myleggmason.com

Phone626-844-9400

EmployeesN/A

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesN/A

Price / SalesN/A

Cash FlowN/A

Price / Cash FlowN/A

Book ValueN/A

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares9,488,000

Market Cap$149.44 million

Next Earnings DateN/A

OptionableNot Optionable

$15.75

+0.18 (+1.16 %)

(As of 01/19/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive PAI News and Ratings via Email

Sign-up to receive the latest news and ratings for PAI and its competitors with MarketBeat's FREE daily newsletter.

Western Asset Investment Grade Income Fund (NYSE:PAI) Frequently Asked Questions

How has Western Asset Investment Grade Income Fund's stock price been impacted by Coronavirus (COVID-19)?

Western Asset Investment Grade Income Fund's stock was trading at $14.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PAI shares have increased by 11.2% and is now trading at $15.75.
View which stocks have been most impacted by COVID-19.

What stocks does MarketBeat like better than Western Asset Investment Grade Income Fund?

Wall Street analysts have given Western Asset Investment Grade Income Fund a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Western Asset Investment Grade Income Fund wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

How often does Western Asset Investment Grade Income Fund pay dividends? What is the dividend yield for Western Asset Investment Grade Income Fund?

Western Asset Investment Grade Income Fund announced a monthly dividend on Monday, November 30th. Investors of record on Friday, February 19th will be given a dividend of $0.0465 per share on Monday, March 1st. This represents a $0.56 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, February 18th.
View Western Asset Investment Grade Income Fund's dividend history.

Is Western Asset Investment Grade Income Fund a good dividend stock?

Western Asset Investment Grade Income Fund pays an annual dividend of $0.61 per share and currently has a dividend yield of 3.92%.
View Western Asset Investment Grade Income Fund's dividend history.

Are investors shorting Western Asset Investment Grade Income Fund?

Western Asset Investment Grade Income Fund saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 3,200 shares, an increase of 18.5% from the December 15th total of 2,700 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 0.2 days.
View Western Asset Investment Grade Income Fund's Short Interest.

Who are some of Western Asset Investment Grade Income Fund's key competitors?

Some companies that are related to Western Asset Investment Grade Income Fund include BlackRock MuniVest Fund (MVF), Western Asset Managed Municipals Fund (MMU), The India Fund (IFN), BlackRock MuniAssets Fund (MUA), BlackRock MuniHoldings Investment Quality Fund (MFL), Eaton Vance Municipal Income Trust (EVN), Nuveen Pennsylvania Quality Municipal Income Fund (NQP), BlackRock MuniYield New York Quality Fund (MYN), BlackRock MuniYield Quality Fund (MQY), BNY Mellon Strategic Municipals (LEO), VanEck Vectors Biotech ETF (BBH), BlackRock MuniYield California Quality Fund (MCA), Invesco Advantage Municipal Income Trust II (VKI), BlackRock Debt Strategies Fund (DSU) and Putnam Premier Income Trust (PPT).
View all of PAI's competitors.

What other stocks do shareholders of Western Asset Investment Grade Income Fund own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Asset Investment Grade Income Fund investors own include AT&T (T), Enterprise Products Partners (EPD), AbbVie (ABBV), Dominion Energy (D), GlaxoSmithKline (GSK), International Business Machines (IBM), MetLife (MET), Altria Group (MO), The Southern (SO) and Blackrock Resources & Commodities Strategy Trust (BCX).

Who are Western Asset Investment Grade Income Fund's key executives?

Western Asset Investment Grade Income Fund's management team includes the following people:

Mr. Kenneth Donald Fuller, Chief Exec. Officer, Pres and Director (Age 62)

What is Western Asset Investment Grade Income Fund's stock symbol?

Western Asset Investment Grade Income Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAI."

Who are Western Asset Investment Grade Income Fund's major shareholders?

Western Asset Investment Grade Income Fund's stock is owned by a number of institutional and retail investors. Top institutional investors include Founders Capital Management (0.16%) and FNY Investment Advisers LLC (0.03%).
View institutional ownership trends for Western Asset Investment Grade Income Fund.

Which major investors are buying Western Asset Investment Grade Income Fund stock?

PAI stock was bought by a variety of institutional investors in the last quarter, including Founders Capital Management, and FNY Investment Advisers LLC.
View insider buying and selling activity for Western Asset Investment Grade Income Fund or or view top insider-buying stocks.

How do I buy shares of Western Asset Investment Grade Income Fund?

Shares of PAI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Western Asset Investment Grade Income Fund's stock price today?

One share of PAI stock can currently be purchased for approximately $15.75.

How big of a company is Western Asset Investment Grade Income Fund?

Western Asset Investment Grade Income Fund has a market capitalization of $149.44 million.

What is Western Asset Investment Grade Income Fund's official website?

The official website for Western Asset Investment Grade Income Fund is institutional.myleggmason.com.

How can I contact Western Asset Investment Grade Income Fund?

The financial services provider can be reached via phone at 626-844-9400.

This page was last updated on 1/20/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here