Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) to Issue Monthly Dividend of $0.12

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Monday, May 19th, Wall Street Journal reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.122 per share on Tuesday, September 2nd. This represents a $1.46 annualized dividend and a dividend yield of 12.85%. The ex-dividend date of this dividend is Friday, August 22nd.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.2%

Shares of NYSE:GDO opened at $11.39 on Wednesday. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $10.29 and a 12-month high of $13.01. The business’s 50 day moving average is $11.29 and its 200 day moving average is $11.39.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Western Asset Global Corporate Defined Opportunity Fund stock. Royal Bank of Canada lifted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 54.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,370 shares of the company’s stock after buying an additional 9,957 shares during the period. Royal Bank of Canada’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $329,000 at the end of the most recent quarter.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

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.