Western Asset Investment Grade Income Fund Declares $0.05 Dividend

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend of $0.0525 per share, set to be paid on February 27, 2024. Investors on record as of February 20, 2024 will be eligible for this dividend, which reflects an annualized yield of 5.1%.

The ex-dividend date is also February 20, 2024, meaning that shares must be purchased before this date to qualify for the dividend. This announcement comes as the fund continues to provide consistent returns to its investors amid fluctuating market conditions.

Market Performance and Trading Activity

On the day of the announcement, shares of Western Asset Investment Grade Income Fund experienced a decline of $0.12, closing at $12.29. The trading volume reached 46,635 shares, significantly above its average volume of 18,465 shares.

The fund has demonstrated a range over the past year, with a fifty-two week low of $11.41 and a high of $13.66. The current fifty-day simple moving average stands at $12.67, while the two-hundred-day moving average is at $12.64. These figures highlight the fund’s stability and performance in the market.

Investors are encouraged to consider these metrics when evaluating their portfolios and potential dividend stocks. The announcement of the dividend is likely to attract attention from both current and prospective investors looking for stable income options in their investment strategies.

As market conditions continue to evolve, the Western Asset Investment Grade Income Fund remains a noteworthy player in the financial services sector, offering reliable returns and dividend opportunities.