Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Announces Monthly Dividend of $0.07

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGIGet Rating) announced a monthly dividend on Thursday, February 17th, Wall Street Journal reports. Investors of record on Friday, April 22nd will be given a dividend of 0.0665 per share on Monday, May 2nd. This represents a $0.80 annualized dividend and a yield of 4.45%. The ex-dividend date is Thursday, April 21st.

NYSE IGI opened at $17.93 on Tuesday. The company has a fifty day simple moving average of $18.75 and a 200 day simple moving average of $20.51. Western Asset Investment Grade Defined Opportunity Trust has a 12-month low of $17.93 and a 12-month high of $23.76.

A number of institutional investors and hedge funds have recently bought and sold shares of IGI. Bank of America Corp DE boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 2.5% during the 2nd quarter. Bank of America Corp DE now owns 49,765 shares of the company’s stock worth $1,095,000 after acquiring an additional 1,231 shares during the last quarter. Morgan Stanley boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 0.7% during the 2nd quarter. Morgan Stanley now owns 160,829 shares of the company’s stock worth $3,540,000 after acquiring an additional 1,142 shares during the last quarter. Royal Bank of Canada boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 30.6% during the 3rd quarter. Royal Bank of Canada now owns 16,070 shares of the company’s stock worth $355,000 after acquiring an additional 3,763 shares during the last quarter. Invesco Ltd. boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 0.9% during the 4th quarter. Invesco Ltd. now owns 119,024 shares of the company’s stock worth $2,602,000 after acquiring an additional 1,048 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in Western Asset Investment Grade Defined Opportunity Trust during the 4th quarter worth $224,000.

Western Asset Investment Grade Defined Opportunity Trust Company Profile (Get Rating)

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It 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.

See Also

Dividend History for Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI)

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