Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Plans Monthly Dividend of $0.07

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Thursday, May 14th. Investors of record on Friday, July 24th will be given a dividend of 0.071 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, July 24th.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.1%

Shares of IGI opened at $16.13 on Friday. The business’s 50-day moving average is $16.13 and its two-hundred day moving average is $16.36. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $15.78 and a fifty-two week high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.