Western Asset Global Corporate Defined Opportunity Fund Inc. Plans Monthly Dividend of $0.10 (NYSE:GDO)

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDOGet Rating) declared a monthly dividend on Thursday, February 17th, Wall Street Journal reports. Investors of record on Friday, April 22nd will be paid a dividend of 0.101 per share on Monday, May 2nd. This represents a $1.21 annualized dividend and a dividend yield of 8.28%. The ex-dividend date is Thursday, April 21st.

Shares of NYSE GDO opened at $14.64 on Tuesday. Western Asset Global Corporate Defined Opportunity Fund has a 1 year low of $14.08 and a 1 year high of $18.72. The company’s 50-day moving average is $15.27 and its 200 day moving average is $16.66.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter valued at about $404,000. Parametric Portfolio Associates LLC increased its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 2.9% during the fourth quarter. Parametric Portfolio Associates LLC now owns 248,064 shares of the company’s stock valued at $4,339,000 after buying an additional 6,987 shares during the period. Stifel Financial Corp increased its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 37.6% during the fourth quarter. Stifel Financial Corp now owns 37,726 shares of the company’s stock valued at $660,000 after buying an additional 10,307 shares during the period. Invesco Ltd. increased its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 3.3% during the fourth quarter. Invesco Ltd. now owns 208,990 shares of the company’s stock valued at $3,655,000 after buying an additional 6,653 shares during the period. Finally, Morgan Stanley increased its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 2.3% during the second quarter. Morgan Stanley now owns 780,887 shares of the company’s stock valued at $14,524,000 after buying an additional 17,781 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Company Profile (Get Rating)

Western Asset Global Corporate Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.

Further Reading

Dividend History for Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO)

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