News articles about Pacific American Income Shares (NYSE:PAI) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pacific American Income Shares earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.7389747888044 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, Stifel Nicolaus cut shares of Pacific American Income Shares from a “hold” rating to a “sell” rating in a research report on Monday, September 25th.
Shares of Pacific American Income Shares (PAI) traded down $0.31 on Friday, reaching $15.16. 8,100 shares of the company were exchanged, compared to its average volume of 21,334. Pacific American Income Shares has a twelve month low of $13.59 and a twelve month high of $17.37.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 24th will be given a dividend of $0.0575 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.55%.
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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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