Pacific American Income Shares Inc. to Issue Monthly Dividend of $0.06 (PAI)
Pacific American Income Shares Inc. (NYSE:PAI) declared a monthly dividend on Thursday, September 14th, Wall Street Journal reports. Stockholders of record on Friday, October 20th will be given a dividend of 0.0575 per share by the financial services provider on Wednesday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, October 19th.
Pacific American Income Shares (NYSE PAI) traded up 0.38% on Thursday, hitting $15.99. The stock had a trading volume of 10,111 shares. The firm’s 50-day moving average price is $15.73 and its 200-day moving average price is $14.96. Pacific American Income Shares has a 1-year low of $13.59 and a 1-year high of $16.59.
About Pacific American Income Shares
Western Asset Income Fund (the Fund) is a closed-end diversified investment company. The Fund seeks a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. The Fund’s secondary investment objective is capital appreciation.
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