Western Asset Investment Grade Income Fund Dividend
Dividend criteria checks 3/6
Western Asset Investment Grade Income Fund is a dividend paying company with a current yield of 4.85% that is well covered by earnings. Next payment date is on 3rd June, 2024 with an ex-dividend date of 22nd May, 2024.
Key information
4.8%
Dividend yield
50%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | 03 Jun 24 |
| Ex dividend date | 22 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$1.11 |
| Dividend yield forecast in 3Y | n/a |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PAI's dividend payments have been volatile in the past 10 years.
Growing Dividend: PAI's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Western Asset Investment Grade Income Fund Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PAI) | 4.8% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Capital Markets) | 2.4% |
| Analyst forecast in 3 Years (PAI) | n/a |
Notable Dividend: PAI's dividend (4.85%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: PAI's dividend (4.85%) is in the top 25% of dividend payers in the US market (4.82%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.5%), PAI's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate PAI's cash payout ratio to determine if its dividend payments are covered by cash flows.