PAI Stock Overview
Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company.
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
Western Asset Investment Grade Income Fund Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$11.96 |
| 52 Week High | US$12.63 |
| 52 Week Low | US$10.59 |
| Beta | 0.51 |
| 1 Month Change | -0.17% |
| 3 Month Change | -0.36% |
| 1 Year Change | -1.73% |
| 3 Year Change | -20.65% |
| 5 Year Change | -19.79% |
| Change since IPO | -32.14% |
Recent News & Updates
PAI: Bonds And The Fed May Still Be Too Optimistic
Mar 22PAI: Investment-Grade Focused Fund Sees Another Distribution Bump
Dec 15PAI: Yield Is Too Low, Just Buy Treasuries
Oct 02WDI And PAI: Attractively Discounted And Delivering Investors Income
Jul 17Shareholder Returns
| PAI | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0.2% | 3.0% | 1.2% |
| 1Y | -1.7% | 31.9% | 24.7% |
Return vs Industry: PAI underperformed the US Capital Markets industry which returned 31.9% over the past year.
Return vs Market: PAI underperformed the US Market which returned 24.7% over the past year.
Price Volatility
| PAI volatility | |
|---|---|
| PAI Average Weekly Movement | 1.3% |
| Capital Markets Industry Average Movement | 3.5% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: PAI has not had significant price volatility in the past 3 months.
Volatility Over Time: PAI's weekly volatility (1%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1973 | n/a | Ken Fuller | institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=PAI |
Western Asset Income Fund 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.
Western Asset Investment Grade Income Fund Inc. Fundamentals Summary
| PAI fundamental statistics | |
|---|---|
| Market cap | US$113.73m |
| Earnings (TTM) | US$10.59m |
| Revenue (TTM) | US$6.78m |
10.7x
P/E Ratio16.8x
P/S RatioIs PAI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PAI income statement (TTM) | |
|---|---|
| Revenue | US$6.78m |
| Cost of Revenue | US$0 |
| Gross Profit | US$6.78m |
| Other Expenses | -US$3.80m |
| Earnings | US$10.59m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.11 |
| Gross Margin | 100.00% |
| Net Profit Margin | 156.07% |
| Debt/Equity Ratio | 0% |
How did PAI perform over the long term?
See historical performance and comparisonDividends
4.9%
Current Dividend Yield50%
Payout RatioDoes PAI pay a reliable dividends?
See PAI dividend history and benchmarks| Western Asset Investment Grade Income Fund dividend dates | |
|---|---|
| Ex Dividend Date | May 22 2024 |
| Dividend Pay Date | Jun 03 2024 |
| Days until Ex dividend | 28 days |
| Days until Dividend pay date | 40 days |
Does PAI pay a reliable dividends?
See PAI dividend history and benchmarks