Western Asset Investment Grade Income Fund Inc. (PAI) To Go Ex-Dividend on March 24th

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Wednesday, February 19th, NASDAQ Dividends reports. Shareholders of record on Monday, March 24th will be paid a dividend of 0.0525 per share by the financial services provider on Tuesday, April 1st. This represents a $0.63 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Monday, March 24th.

Western Asset Investment Grade Income Fund has raised its dividend payment by an average of 2.9% annually over the last three years.

Western Asset Investment Grade Income Fund Stock Up 1.1 %

PAI stock opened at $12.85 on Friday. The company has a 50-day simple moving average of $12.57 and a 200 day simple moving average of $12.62. Western Asset Investment Grade Income Fund has a fifty-two week low of $11.65 and a fifty-two week high of $13.18.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE boosted its holdings in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 35.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,694 shares of the financial services provider’s stock after purchasing an additional 2,267 shares during the period. Bank of America Corp DE owned approximately 0.09% of Western Asset Investment Grade Income Fund worth $109,000 at the end of the most recent quarter. Institutional investors and hedge funds own 18.99% of the company’s stock.

About Western Asset Investment Grade Income Fund

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.