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Western Asset Investment Grade Income Fund Inc. (PAI)

Financial Services | Asset Management | Pasadena, United States | NYSE
12.06 USD -0.03 (-0.248%) ⇩ (July 13, 2026, 9:47 a.m. EDT)
After hours: 12.06
Short-term:★★⯪☆☆Long-term:★★★☆☆Dividends:★★★⯪☆
Hot Take ↕ | July 11, 2026, 3:06 a.m. EDT

The most compelling aspect of this income fund is its ability to deliver a robust 5.16% yield while maintaining a fortress-like balance sheet with a payout ratio of just 62%. Unlike many peers struggling to cover distributions, this vehicle retains significant capital, evidenced by the healthy current ratio and substantial cash reserves relative to operations. The recent price action confirms a stabilization phase; after a decade-long structural decline, the asset has successfully reversed course, posting a +6.55% gain last year and continuing to climb into the current session. While the statistical forecast model hints at minor near-term volatility, the underlying business quality—characterized by double-digit operating margins and consistent revenue growth—supports a solid long-term hold. Investors seeking reliable income without the distress risks common in the sector should view this as a core holding, though the lack of aggressive growth acceleration keeps it from being a top-tier compounder.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.004872
AutoETS0.005037
MSTL0.006747
AutoARIMA0.021621

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 67%
H-stat 1.51
Ljung-Box p 0.000
Jarque-Bera p 0.683
Excess Kurtosis 0.64
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-07-23
Last Dividend Date 2026-06-22
Revenue per Share 0.75
Market Cap 114,702,216
Trailing P/E 11.82
Beta 0.48
Profit Margins 135.20%
Website https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=PAI

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.44% 5.12% 5.05% 4.77%
Dividend History
Date Dividend Yield %
2026-06-23 0.053 0.439105
2026-05-21 0.053 0.442404
2026-04-23 0.053 0.436573
2026-03-24 0.053 0.438379
2026-02-20 0.053 0.417652
2025-12-31 0.053 0.424680
2025-12-10 0.053 0.427075
2025-11-20 0.053 0.431245
2025-10-24 0.053 0.418641
2025-09-23 0.053 0.411810
2025-08-22 0.053 0.417652
2025-07-24 0.053 0.417323
2025-06-23 0.053 0.427419
2025-05-22 0.053 0.429150
2025-04-23 0.053 0.438379
2025-03-24 0.053 0.413417
2025-02-21 0.052 0.409449
2025-01-24 0.052 0.422421
2024-12-23 0.052 0.422421
2024-11-21 0.052 0.419017
2024-10-24 0.052 0.416333
2024-09-23 0.052 0.405300
2024-08-23 0.052 0.416333
2024-07-24 0.052 0.430820
2024-06-21 0.052 0.432253
2024-05-22 0.049 0.407993
2024-04-22 0.049 0.403624
2024-03-20 0.049 0.410042
2024-02-21 0.049 0.409015
2024-01-23 0.049 0.411074
2023-12-20 0.049 0.406977
2023-11-21 0.048 0.420684
2023-10-23 0.048 0.446512
2023-09-21 0.047 0.416298
2023-08-23 0.047 0.406223
2023-07-21 0.047 0.401709
2023-06-22 0.047 0.405172
2023-05-22 0.047 0.404475
2023-04-20 0.047 0.392321
2023-03-23 0.047 0.403780
2023-02-17 0.047 0.382114
2023-01-23 0.047 0.380259
2022-12-21 0.047 0.397295
2022-11-21 0.047 0.404475
2022-10-21 0.047 0.434381
2022-09-22 0.047 0.403433
2022-08-23 0.047 0.381803
2022-07-21 0.047 0.379032
2022-06-22 0.047 0.401366
2022-05-20 0.047 0.379951
2022-04-21 0.047 0.361538
2022-03-23 0.047 0.351533
2022-02-17 0.047 0.341322
2022-01-21 0.047 0.323469
2021-12-22 0.047 0.303618
2021-11-19 0.047 0.278436
2021-10-21 0.047 0.300704
2021-09-22 0.047 0.282792
2021-08-23 0.047 0.298413
2021-07-22 0.047 0.302835
2021-06-22 0.047 0.308601
2021-05-20 0.047 0.308804
2021-04-22 0.047 0.312292
2021-03-23 0.047 0.315648
2021-02-18 0.047 0.301089
2021-01-21 0.047 0.300896
2020-12-22 0.047 0.296156
2020-11-19 0.047 0.307995
2020-10-22 0.047 0.307190
2020-09-22 0.050 0.308833
2020-08-21 0.050 0.324465
2020-07-23 0.050 0.315457
2020-06-22 0.050 0.325521
2020-05-20 0.053 0.374294
2020-04-22 0.053 0.381295
2020-03-23 0.053 0.469858
2020-02-20 0.055 0.349428
2020-01-23 0.055 0.346348
2019-12-19 0.055 0.353925
2019-11-21 0.058 0.357363
2019-10-17 0.058 0.372033
2019-09-19 0.058 0.370844
2019-08-22 0.058 0.383852
2019-07-18 0.058 0.376379
2019-06-20 0.058 0.389523
2019-05-23 0.058 0.404181
2019-04-17 0.058 0.406162
2019-03-21 0.058 0.405311
2019-02-14 0.058 0.419682
2019-01-17 0.058 0.438729
2018-12-20 0.058 0.423358
2018-11-21 0.058 0.428994
2018-10-18 0.058 0.438398
2018-09-20 0.058 0.427729
2018-08-23 0.058 0.419075
2018-07-19 0.058 0.429312
2018-06-21 0.058 0.430586
2018-05-24 0.058 0.427099
2018-04-19 0.058 0.423358
2018-03-22 0.058 0.419378
2018-02-15 0.058 0.408163
2018-01-18 0.058 0.381078
2017-12-21 0.058 0.372272
2017-11-22 0.058 0.368957
2017-10-19 0.058 0.359133
2017-09-21 0.058 0.347513
2017-08-23 0.058 0.363636
2017-07-19 0.058 0.377604
2017-06-21 0.058 0.378096
2017-05-17 0.058 0.396988
2017-04-19 0.058 0.400829
2017-03-22 0.058 0.409315
2017-02-15 0.058 0.403900
2017-01-18 0.058 0.409315
2016-12-21 0.058 0.406162
2016-11-16 0.058 0.410765
2016-10-19 0.058 0.397805
2016-09-21 0.058 0.384360
2016-08-17 0.058 0.379581
2016-07-20 0.058 0.405878
2016-06-15 0.058 0.415473
2016-05-18 0.058 0.418773
2016-04-20 0.058 0.427099
2016-03-16 0.058 0.442410
2016-02-17 0.058 0.461783
2016-01-20 0.058 0.455975
2015-12-16 0.058 0.444444
2015-11-18 0.058 0.440395
2015-10-21 0.058 0.436418
2015-09-16 0.058 0.438398
2015-08-19 0.058 0.437736
2015-07-22 0.058 0.440395
2015-06-17 0.058 0.444444
2015-05-20 0.058 0.434132
2015-04-15 0.058 0.415473
2015-03-18 0.058 0.422125
2015-02-18 0.058 0.428360
2015-01-21 0.058 0.427729
2014-12-17 0.058 0.430906
2014-11-19 0.058 0.432513
2014-10-22 0.058 0.434132
2014-09-17 0.058 0.431227
2014-08-20 0.058 0.423977
2014-07-16 0.058 0.425844
2014-06-18 0.058 0.423667
2014-05-21 0.058 0.423358
2014-04-15 0.058 0.427099
2014-03-19 0.058 0.441065
2014-02-19 0.058 0.441400
2014-01-22 0.058 0.436747
2013-12-18 0.058 0.451362
2013-11-20 0.058 0.449612
2013-10-16 0.058 0.456334
2013-09-18 0.058 0.457053
2013-08-21 0.058 0.475410
2013-07-17 0.058 0.452418
2013-06-19 0.058 0.444104
2013-05-22 0.058 0.412518
2013-04-17 0.058 0.401940
2013-03-13 0.058 0.407018
2013-02-13 0.058 0.399724
2013-01-16 0.058 0.391627
2012-12-12 0.058 0.383852
2012-11-20 0.060 0.378072
2012-10-17 0.060 0.382653
2012-09-19 0.060 0.384862
2012-08-22 0.060 0.403769
2012-07-18 0.060 0.418118
2012-06-20 0.060 0.434153
2012-05-16 0.060 0.428266
2012-04-18 0.060 0.424929
2012-03-21 0.060 0.417246
2012-02-15 0.060 0.429185
2012-01-18 0.060 0.446761
2011-12-14 0.060 0.449102
2011-11-16 0.060 0.451467
2011-10-19 0.060 0.448430
2011-09-21 0.060 0.447427
2011-08-17 0.060 0.453858
2011-07-20 0.060 0.456274
2011-06-15 0.060 0.459418
2011-05-18 0.065 0.483271
2011-04-19 0.065 0.500000
2011-03-16 0.065 0.503096
2011-02-11 0.065 0.507812
2011-01-12 0.065 0.509804
2010-12-21 0.065 0.510204
2010-11-10 0.065 0.486891
2010-10-13 0.065 0.483991
2010-09-13 0.065 0.478998
2010-08-11 0.065 0.468975
2010-07-13 0.065 0.487256
2010-06-11 0.065 0.516693
2010-05-12 0.065 0.493921
2010-04-13 0.065 0.494297
2010-03-11 0.065 0.511811
2010-02-10 0.070 0.560897
2010-01-13 0.070 0.548589
2009-12-11 0.070 0.549882
2009-11-10 0.075 0.614251
2009-10-13 0.075 0.593354
2009-09-11 0.080 0.617284
2009-08-12 0.080 0.630915
2009-07-13 0.080 0.676819
2009-06-11 0.080 0.717489
2009-05-13 0.080 0.748363
2009-04-13 0.080 0.763359
2009-03-11 0.080 0.813008
2009-02-11 0.080 0.714286
2009-01-13 0.080 0.727273
2008-12-11 0.080 0.829016
2008-11-12 0.080 0.835946
2008-10-10 0.080 0.896861
2008-09-11 0.078 0.637255
2008-08-13 0.078 0.639344
2008-07-11 0.078 0.621514
2008-06-11 0.078 0.569343
2008-05-19 0.045 0.323741
2008-05-13 0.078 0.562365
2008-04-11 0.078 0.582524
2008-03-12 0.078 0.567686
2008-02-13 0.078 0.535714
2008-01-11 0.078 0.542797
2007-12-12 0.204 1.494506
2007-11-13 0.078 0.573529
2007-10-11 0.078 0.537931
2007-09-12 0.078 0.543554
2007-08-13 0.078 0.565217
2007-07-11 0.078 0.539046
2007-06-13 0.078 0.528814
2007-05-16 0.073 0.473104
2007-05-11 0.075 0.488599
2007-04-11 0.075 0.503356
2007-03-13 0.075 0.500668
2007-02-13 0.075 0.491803
2007-01-11 0.075 0.491803
2006-12-20 0.070 0.451031
2006-12-13 0.075 0.486381
2006-11-13 0.075 0.496360
2006-10-11 0.075 0.502344
2006-09-13 0.072 0.498960
2006-08-11 0.072 0.501742
2006-07-12 0.072 0.524017
2006-06-13 0.072 0.520984
2006-05-11 0.072 0.514653
2006-04-11 0.072 0.513919
2006-03-13 0.072 0.500695
2006-01-11 0.072 0.498615
2005-12-13 0.072 0.522876
2005-11-10 0.072 0.517613
2005-10-12 0.072 0.498270
2005-09-13 0.072 0.480320
2005-08-11 0.072 0.486815
2005-07-13 0.072 0.481928
2005-05-20 0.215 1.505602
2005-02-23 0.225 1.495017
2004-11-19 0.735 4.916388
2004-08-25 0.234 1.576819
2004-05-14 0.234 1.713031
2004-02-23 0.250 1.641497
2003-11-14 0.240 1.607502
2003-08-27 0.246 1.738516
2003-05-16 0.248 1.653333
2003-02-14 0.246 1.676892
2002-11-15 0.250 1.766784
2002-08-30 0.250 1.758087
2002-05-17 0.250 1.694915
2002-02-20 0.250 1.732502
2001-11-20 0.265 1.815068
2001-08-29 0.265 1.815068
2001-05-22 0.265 1.842837
2001-02-20 0.265 1.846690
2000-11-29 0.020 0.159204
2000-11-17 0.265 2.109453
2000-08-29 0.265 2.058252
2000-04-18 0.260 2.080000
2000-02-29 0.260 2.178010
1999-11-10 0.285 2.268657
1999-08-24 0.250 1.941748
1999-05-27 0.275 1.973094
1999-02-24 0.275 1.774194
1998-12-09 0.645 3.984556
1998-08-25 0.295 1.815385
1998-05-13 0.295 1.858268
1998-02-25 0.295 1.808429
1997-12-09 0.675 4.302789
1997-08-26 0.295 1.910931
1997-05-14 0.295 2.017094
1997-02-26 0.295 1.983193
1996-12-10 0.590 4.104348
1996-08-21 0.295 2.034483
1996-05-15 0.295 2.070175
1996-02-21 0.295 1.950413
1995-11-21 0.300 2.033898
1995-08-22 0.300 2.105263
1995-05-19 0.300 2.142857
1995-02-17 0.300 2.105263
1994-11-18 0.380 2.923077
1994-08-19 0.300 2.105263
1994-05-20 0.300 2.000000
1994-02-18 0.300 1.920000
1993-11-23 0.320 2.031746
1993-11-18 0.320 1.969231
1993-08-20 0.320 1.984496
1993-05-21 0.320 1.939394
1993-02-22 0.320 1.954198
1992-11-16 0.350 2.258065
1992-08-21 0.350 2.121212
1992-05-22 0.350 2.222222
1992-02-24 0.350 2.314050
1991-11-22 0.365 2.317460
1991-08-16 0.365 2.393443
1991-05-17 0.365 2.539130
1991-02-25 0.365 2.584071
1990-11-16 0.350 2.718447
1990-08-20 0.370 2.666667
1990-05-21 0.370 2.666667
1990-02-16 0.370 2.551724
1989-11-24 0.370 2.426230
1989-08-21 0.385 2.524590
1989-05-22 0.385 2.588235
1989-02-21 0.385 2.701754
1988-11-18 0.395 2.611570
1988-08-23 0.462 3.105882
1988-05-23 0.370 2.508475
1988-02-22 0.370 2.368000
1987-11-23 0.755 5.298246
1987-08-24 0.385 2.566667
1987-05-26 0.385 2.588235
1987-02-24 0.385 2.248175
Additional Data
dividendRate 0.63
dividendYield 5.21
exDividendDate 2026-07-24
trailingAnnualDividendRate 0.627
trailingAnnualDividendYield 0.05186104
lastDividendValue 0.053
lastDividendDate 2026-06-23
dividendDate 2019-03-01

Info Dump

Attribute Value
52 Week Change -0.061335385
Address1 385 East Colorado Boulevard
All Time High 17.79
All Time Low 8.39
Ask 0.0
Ask Size 500
Average Daily Volume10 Day 11,590
Average Daily Volume3 Month 18,755
Average Volume 18,755
Average Volume10Days 11,590
Beta 0.482
Bid 4.84
Bid Size 300
Book Value 13.236
City Pasadena
Compensation As Of Epoch Date 1,388,448,000
Country United States
Crypto Tradeable 0
Currency USD
Current Price 12.06
Current Ratio 1.426
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 12.06
Day Low 12.005
Display Name Western Asset Investment Grade Income Fund
Dividend Date 1,551,398,400
Dividend Rate 0.63
Dividend Yield 5.21
Earnings Growth 0.267
Earnings Quarterly Growth 0.267
Earnings Timestamp End 1,740,653,940
Earnings Timestamp Start 1,740,653,940
Ebitda Margins 0.0
Enterprise To Revenue 16.073
Enterprise Value 114,685,240
Eps Trailing Twelve Months 1.02
Esg Populated 0
Ex Dividend Date 1,784,851,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 626 844 9450
Fifty Day Average 12.1234
Fifty Day Average Change -0.063399315
Fifty Day Average Change Percent -0.0052294997
Fifty Two Week Change Percent -6.1335382
Fifty Two Week High 13.2
Fifty Two Week High Change -1.1399994
Fifty Two Week High Change Percent -0.08636359
Fifty Two Week Low 11.72
Fifty Two Week Low Change 0.34000015
Fifty Two Week Low Change Percent 0.029010251
Fifty Two Week Range 11.72 - 13.2
Financial Currency USD
First Trade Date Milliseconds 322,151,400,000
Five Year Avg Dividend Yield 4.62
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 7,135,269
Has Pre Post Market Data 1
Held Percent Insiders 0.000120000004
Held Percent Institutions 0.33560002
Implied Shares Outstanding 9,510,963
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,172,800
Last Dividend Value 0.053
Last Fiscal Year End 1,767,139,200
Long Business Summary Western Asset Investment Grade Income Fund Inc. 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 Investment Grade Income Fund Inc. was formed on March 22, 1973 and is domiciled in the United States.
Long Name Western Asset Investment Grade Income Fund Inc.
Market us_market
Market Cap 114,702,216
Market State PREPRE
Max Age 86,400
Message Board Id finmb_6890672
Most Recent Quarter 1,767,139,200
Net Income To Common 9,646,606
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 114,987,530
Open 12.06
Operating Margins 0.8633
Payout Ratio 0.6167
Phone 626 844 9400
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 12.06
Post Market Time 1,783,976,700
Previous Close 12.09
Price Hint 2
Price To Book 0.9111514
Price To Sales Trailing12 Months 16.075388
Profit Margins 1.35196
Quick Ratio 1.179
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0299997
Regular Market Change Percent -0.248137
Regular Market Day High 12.06
Regular Market Day Low 12.005
Regular Market Day Range 12.005 - 12.06
Regular Market Open 12.06
Regular Market Previous Close 12.09
Regular Market Price 12.06
Regular Market Time 1,783,950,426
Regular Market Volume 2,034
Return On Assets 0.03083
Return On Equity 0.0776
Revenue Growth 0.031
Revenue Per Share 0.75
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 9,510,962
Shares Percent Shares Out 0.0004
Shares Short 1,468
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 1,039
Short Name Western Asset Investment Grade
Short Ratio 0.23
Source Interval 15
State CA
Symbol PAI
Total Cash 16,960
Total Cash Per Share 0.002
Total Debt 0
Total Revenue 7,135,269
Tradeable 0
Trailing Annual Dividend Rate 0.627
Trailing Annual Dividend Yield 0.05186104
Trailing Eps 1.02
Trailing P E 11.82353
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 12.39575
Two Hundred Day Average Change -0.33574963
Two Hundred Day Average Change Percent -0.027085867
Type Disp Equity
Volume 2,034
Website https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=PAI
Zip 91,101-1923