Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) to Issue Dividend of $0.12 on August 1st

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a dividend on Wednesday, July 16th, investing.com reports. Investors of record on Friday, July 25th will be paid a dividend of 0.122 per share on Friday, August 1st. This represents a yield of 12.62%. The ex-dividend date of this dividend is Thursday, July 24th.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

GDO stock opened at $11.63 on Friday. The company’s 50 day moving average price is $11.54 and its 200 day moving average price is $11.38. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $10.29 and a fifty-two week high of $13.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Western Asset Global Corporate Defined Opportunity Fund stock. Royal Bank of Canada raised its holdings in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 54.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,370 shares of the company’s stock after buying an additional 9,957 shares during the quarter. 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.