NYSE · Asset Management · USD

Western Asset Investment Grade Income Fund Inc. (PAI) Stock Analysis

Western Asset Investment Grade Income Fund Inc. (PAI) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

PAI

$11.39

−$0.02 (−0.18%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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PAI Key Statistics

As of Oct 21, 2026

Trading

Open: $11.39
Previous Close: $11.41
Day's Range: 11.38–11.46
52-Week Range: 11.24–12.95
Volume: 20.38K
Beta: 0.50

Valuation

Market Cap: $108.33M
P/E Ratio: 12.52
P/S ratio: 14.99
EPS (ttm): 0.91

Financials (FY)

Revenue (FY): $9.93M+146.36%
Net Income (FY): $9.65M+155.00%
Profit margin: 79.57%
Shares Outstanding: 9.51M
1-Year Return: −5.70%

Dividend and dates

Dividend: $0.63+5.52%
Ex-Dividend Date: October 23, 2026
Avg Volume: 20.57K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, PAI closed at $11.39, −5.70% over 1 year.

Western Asset Investment Grade Income Fund Inc. (PAI) has a market capitalization of $108.33M.

In fiscal 2025, PAI reported revenue of $9.93M.

PAI Stock Return by Calendar Year

Western Asset Investment Grade Income Fund Inc. (PAI) 10-year return: what $10,000 became

1 year: $10,000 $9,430; −5.70%
5 years: $10,000 $9,180; −8.20%
10 years: $10,000 $12,284; +22.84%

If you had invested $10,000 in Western Asset Investment Grade Income Fund Inc. (PAI) 10 years ago, at the close on October 21, 2016, it would have been worth $12,284 at the close on October 21, 2026: +22.84% in total, +2.08% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+23.21%−22.46%−6.32%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−6.32%
2025	+5.39%
2024	+9.21%
2023	+9.15%
2022	−22.46%
2021	+1.92%
2020	+6.74%
2019	+23.21%
2018	−12.31%
2017	+15.81%
2016 (partial year)	−2.37%

As of October 21, 2026.

PAI Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$9.93M	$9.65M	97.2%
2024	$4.03M	$3.78M	93.9%
2023	$10.89M	$10.59M	97.2%
2022	−$24.20M	−$24.49M	101.2%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$9.93M	—	—	$9.65M	97.2%
2024	$4.03M	—	—	$3.78M	93.9%
2023	$10.89M	—	—	$10.59M	97.2%
2022	−$24.20M	—	—	−$24.49M	101.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

PAI Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.69+12.8% vs 2024

Dividends per share, 2025 · 13 payments

Year	Dividends per share	Payments	Change
2026*	$0.37	7	—
2025	$0.69	13	+12.8%
2024	$0.61	12	+7.2%
2023	$0.57	12	+0.7%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.37	7	—
2025	$0.69	13	+12.8%
2024	$0.61	12	+7.2%
2023	$0.57	12	+0.7%
2022	$0.56	12	+0.0%
2021	$0.56	12	−7.5%
2020	$0.61	12	−12.0%
2019	$0.69	12	−0.4%
2018	$0.70	12	+0.0%
2017	$0.70	12	+500.0%
2016	$0.12	2	—

Most recent payment: $0.05 per share, ex-dividend August 24, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

PAI Valuation vs Asset Management Median

Median of 512 stocks

Metric	PAI	Asset Management median	vs median
P/E	12.52	9.44	33% above
P/S ratio	14.99	8.59	75% above
Profit margin	79.57%	74.97%	4.6 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Western Asset Investment Grade Income Fund Inc. (PAI) carries a market capitalisation of $108.33M. It is classified in the Asset Management industry, within the Financial Services sector.

The 52-week range on file runs from $11.24 to $12.95. The most recent close on file for PAI is $11.39, dated October 21, 2026. That is −$0.02 (−0.18%) against the previous close. The latest close sits 1.33% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $9.93M. That is +146.36% against the prior fiscal year, when revenue was $4.03M. Net income for the same year was $9.65M. That is +155.00% against the prior fiscal year. The reported profit margin is 79.57%. That is 4.6 percentage points above the Asset Management median of 74.97%. Earnings per share on a trailing basis come to 0.91.

Across the 4 fiscal years on file, revenue moves from −$24.20M in 2022 to $9.93M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 12.52 times earnings. That is 32.63% above the Asset Management median of 9.44. Measured against sales, the shares trade at 14.99 times revenue. On price-to-sales that is 74.5% above the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

The trailing one-year total return is −5.70%. Measured over 10 years, that is +2.08% a year compounded. Beta against the wider market is reported at 0.5. Daily returns over the trailing 10 years annualize to a volatility of 15.21%.

Growth & Income

PAI pays a dividend yielding 5.52%. That is 3.4 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.63 a share. The ex-dividend date on file is October 23, 2026. Dividends are recorded for 11 calendar years; 2026 shows 7 payments totalling $0.37 a share. The year before, 2025, totalled $0.69 a share.

Across the complete calendar years on file, 2019 returned +23.21% and 2022 returned −22.46%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the total return is −6.32%.

Peer Comparison

Western Asset Investment Grade Income Fund Inc. (PAI) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Western Asset Investment Grade Income Fund Inc.	PAI	$108.33M	12.5
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Western Asset Investment Grade Income Fund Inc. trades at a P/E of 12.5.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Western Asset Investment Grade Income Fund Inc.

Western Asset Investment Grade Income Fund Inc. 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. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents. The fund benchmarks the performance of its portfolio against the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. Western Asset Investment Grade Income Fund Inc. was formed on March 22, 1973 and is domiciled in the United States.

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