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 Thursday, May 14th. Investors of record on Friday, July 24th will be given a dividend of 0.122 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Friday, July 24th.

Western Asset Global Corporate Defined Opportunity Fund Stock Up 0.2%

GDO stock traded up $0.03 on Thursday, reaching $10.91. 27,612 shares of the company traded hands, compared to its average volume of 30,754. Western Asset Global Corporate Defined Opportunity Fund has a one year low of $10.52 and a one year high of $12.15. The firm has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $11.41.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

The Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues a broadly diversified portfolio of corporate debt instruments, investing across investment-grade and below investment-grade securities issued by corporations worldwide. Through an actively managed strategy, GDO aims to capture opportunities arising from market dislocations, credit spreads and interest rate movements.

GDO’s investment approach is built around a global credit platform, allowing the fund to allocate capital across various sectors, regions and credit-quality levels.