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:GDO – Get 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