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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Friday, May 16th, Wall Street Journal reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.071 per share on Tuesday, September 2nd. This represents a $0.85 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Friday, August 22nd.

Western Asset Investment Grade Defined Opportunity Trust has increased its dividend payment by an average of 1.9% per year over the last three years.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Shares of Western Asset Investment Grade Defined Opportunity Trust stock opened at $16.37 on Friday. Western Asset Investment Grade Defined Opportunity Trust has a 1 year low of $15.70 and a 1 year high of $18.30. The stock has a 50-day moving average price of $16.33 and a 200 day moving average price of $16.51.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

An institutional investor recently raised its position in Western Asset Investment Grade Defined Opportunity Trust stock. Comerica Bank raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 58.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,900 shares of the company’s stock after purchasing an additional 700 shares during the period. Comerica Bank’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $32,000 as of its most recent SEC filing.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.