Pacific American Income Shares Inc. (NYSE:PAI) announced a monthly dividend on Thursday, September 14th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, October 19th.
Shares of Pacific American Income Shares (NYSE PAI) opened at 15.71 on Friday. Pacific American Income Shares has a 1-year low of $13.59 and a 1-year high of $17.37. The company has a 50-day moving average of $16.31 and a 200-day moving average of $15.41.
Separately, Stifel Nicolaus cut Pacific American Income Shares from a “hold” rating to a “sell” rating in a report on Monday, September 25th.
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Pacific American Income Shares Company Profile
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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