Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Free Report) announced a monthly dividend on Friday, May 24th, Wall Street Journal reports. Investors of record on Wednesday, July 24th will be given a dividend of 0.122 per share on Thursday, August 1st. This represents a $1.46 annualized dividend and a yield of 11.97%. The ex-dividend date is Wednesday, July 24th.
Western Asset Global Corporate Defined Opportunity Fund has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 2 years.
Western Asset Global Corporate Defined Opportunity Fund Price Performance
GDO opened at $12.23 on Friday. Western Asset Global Corporate Defined Opportunity Fund has a 12 month low of $11.21 and a 12 month high of $13.04. The firm’s fifty day simple moving average is $12.21 and its 200 day simple moving average is $12.33.
About Western Asset Global Corporate Defined Opportunity Fund
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.
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