Western Asset Investment Grade Income Fund Inc.
PAIFinancial Services · Stock · monthly payer
$12.12
Add to PortfolioForward Yield
5.20%
Annual Dividend
$0.63
Payout Ratio
62%
5-Yr Growth
1.2%
Ex-Date
Jun 23, 2026
Frequency
Monthly
PAI Dividend Safety Score
61/ 100
Grade C
Borderline
Dividend-growth streak4 consecutive years of growth
Cut historyCut its dividend in 2021
Earnings payout coverage62% 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 PAI a good dividend stock?
Yes, with caveatsWestern Asset Investment Grade Income Fund Inc. (PAI) pays a monthly dividend yielding 5.20% ($0.63/yr), with 4 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
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.20%
- Payout Ratio
- 62%
- Annual Dividend
- $0.63
- 5-Yr Avg Growth
- 1.2%
- Ex-Dividend Date
- Jun 23, 2026
- Years of Growth
- 4
- Frequency
- monthly
- Beta
- 0.48
- Market Cap
- $115.3M
- P/E Ratio
- 11.9
- 5-Yr Total Return
- -23%
- 52-Week Range
- $11.72 – $13.66
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 21, 2026 | — | $0.0530 | regular |
| Apr 23, 2026 | — | $0.0530 | regular |
| Mar 24, 2026 | — | $0.0530 | regular |
| Feb 20, 2026 | — | $0.0530 | regular |
| Dec 31, 2025 | — | $0.0530 | regular |
| Dec 10, 2025 | — | $0.0530 | regular |
| Nov 20, 2025 | — | $0.0530 | regular |
| Oct 24, 2025 | — | $0.0530 | regular |
| Sep 23, 2025 | — | $0.0530 | regular |
| Aug 22, 2025 | — | $0.0530 | regular |
| Jul 24, 2025 | — | $0.0530 | regular |
| Jun 23, 2025 | — | $0.0530 | regular |
| May 22, 2025 | — | $0.0530 | regular |
| Apr 23, 2025 | — | $0.0530 | regular |
Income Calculator
At $0.63 / yr per share
Per payment (monthly)$5.25
Annual$63.00
Monthly avg$5.25
