Western Asset Investment Grade Opportunity Trust Inc.
IGIFinancial Services · Stock · monthly payer
Forward Yield
5.30%
Annual Dividend
$0.85
Payout Ratio
85%
5-Yr Growth
0.1%
Ex-Date
Jul 24, 2026
Frequency
Monthly
Summary
As of July 2026, Western Asset Investment Grade Opportunity Trust Inc. (IGI) yields 5.30% ($0.85 per share annually), with a blended fair-value estimate of $9.81 — -39% downside, so it screens as overvalued. Dividend safety grade: C (59/100). 3 years of dividend growth.
Is IGI a good dividend stock?
Yes, with caveatsWestern Asset Investment Grade Opportunity Trust Inc. (IGI) pays a monthly dividend yielding 5.30% ($0.85/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2021
- Elevated payout ratio (85%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.30%
- Payout Ratio
- 85%
- Annual Dividend
- $0.85
- 5-Yr Avg Growth
- 0.1%
- Ex-Dividend Date
- Jul 24, 2026
- Years of Growth
- 3
- Frequency
- monthly
- Beta
- —
- Market Cap
- $96.4M
- P/E Ratio
- 16.1
- 5-Yr Total Return
- -26%
- 52-Week Range
- $15.78 – $17.09
- Dividend Safety
- C · 59/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
IGI Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
-1%
5 Years
-26%
52-Week Range
$15.78 – $17.09
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is IGI worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Western Asset Investment Grade Opportunity Trust Inc. is $9.81 per share, versus a market price of $16.09. That implies 39% of downside.
Fair Value
$9.81
Current Price
$16.09
Downside
-39%
Margin of Safety
-64%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.3% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $1.00 EPS, $0.85 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
IGI Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.0710 | regular |
| May 21, 2026 | — | $0.0710 | regular |
| Apr 23, 2026 | — | $0.0710 | regular |
| Mar 24, 2026 | — | $0.0710 | regular |
| Feb 20, 2026 | — | $0.0710 | regular |
| Jan 23, 2026 | — | $0.0710 | regular |
| Dec 23, 2025 | — | $0.0710 | regular |
| Nov 20, 2025 | — | $0.0710 | regular |
| Oct 24, 2025 | — | $0.0710 | regular |
| Sep 23, 2025 | — | $0.0710 | regular |
| Aug 22, 2025 | — | $0.0710 | regular |
| Jul 24, 2025 | — | $0.0710 | regular |
| Jun 23, 2025 | — | $0.0710 | regular |
| May 22, 2025 | — | $0.0710 | regular |
Income Calculator
At $0.85 / yr per share
