SmarterDividends
IGI

Western Asset Investment Grade Opportunity Trust Inc.

IGI

Financial Services · Stock · monthly payer

Forward Yield

5.32%

Annual Dividend

$0.85

Payout Ratio

85%

5-Yr Growth

0.0%

Ex-Date

Jun 23, 2026

Frequency

Monthly

IGI Dividend Safety Score

54/ 100
Grade C

Borderline

Dividend-growth streak4 consecutive years of growth
Cut historyCut its dividend in 2021
Earnings payout coverage85% of earnings paid out
Yield vs its historyYield in line with its history

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

Is IGI a good dividend stock?

Mixed

Western Asset Investment Grade Opportunity Trust Inc. (IGI) pays a monthly dividend yielding 5.32% ($0.85/yr), with 4 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2021
    • Elevated payout ratio (85%)
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    5.32%
    Payout Ratio
    85%
    Annual Dividend
    $0.85
    5-Yr Avg Growth
    0.0%
    Ex-Dividend Date
    Jun 23, 2026
    Years of Growth
    4
    Frequency
    monthly
    Beta
    Market Cap
    $96.0M
    P/E Ratio
    16.0
    5-Yr Total Return
    -27%
    52-Week Range
    $15.78 – $17.09
    Dividend Safety
    C · 54/100
    Ever Cut?
    Yes (2021)
    IGI ex-dividend date & scheduleNext ex-date Jun 23, 2026 · full ex-dividend historyView →

    Frequently Asked Questions

    Income Calculator

    At $0.85 / yr per share

    Per payment (monthly)$7.08
    Annual$85.00
    Monthly avg$7.08