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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.122 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Global Corporate Defined Opportunity Fund Stock Up 0.2%

Western Asset Global Corporate Defined Opportunity Fund stock opened at $10.91 on Friday. The stock has a 50-day simple moving average of $10.99 and a 200 day simple moving average of $11.40. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $10.52 and a 12-month high of $12.15.

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.