Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, October 23rd will be paid a dividend of 0.122 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Friday, October 23rd.
Western Asset Global Corporate Defined Opportunity Fund Stock Performance
Shares of GDO stock opened at $10.33 on Thursday. Western Asset Global Corporate Defined Opportunity Fund has a one year low of $10.20 and a one year high of $12.15. The company’s fifty day moving average price is $10.60 and its 200-day moving average price is $10.96.
Institutional Investors Weigh In On Western Asset Global Corporate Defined Opportunity Fund
A number of hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its holdings in Western Asset Global Corporate Defined Opportunity Fund by 22.3% during the 4th quarter. Osaic Holdings Inc. now owns 176,944 shares of the company’s stock valued at $2,090,000 after buying an additional 32,308 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 14.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 136,424 shares of the company’s stock valued at $1,621,000 after acquiring an additional 17,217 shares during the last quarter. Fiera Capital Corp boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 42.6% during the 4th quarter. Fiera Capital Corp now owns 104,687 shares of the company’s stock valued at $1,236,000 after acquiring an additional 31,264 shares during the last quarter. Shaker Financial Services LLC boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 181.0% during the 4th quarter. Shaker Financial Services LLC now owns 94,936 shares of the company’s stock valued at $1,121,000 after acquiring an additional 61,145 shares during the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 44.7% in the fourth quarter. Guggenheim Capital LLC now owns 78,231 shares of the company’s stock valued at $924,000 after purchasing an additional 24,150 shares in the last quarter.
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.
See Also
- Five stocks we like better than Western Asset Global Corporate Defined Opportunity Fund
- Blueprint for a Banking Fortress: Circle Redraws the Map
- Bed Bath & Beyond Renovates: The Neighborhood Blueprint
- These Outperforming Giants Are Boosting Dividends in 2026, With Yields of Up to 6.6%
- Why Analysts Are Bullish on a Stock That’s Down 20%
Receive News & Ratings for Western Asset Global Corporate Defined Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Global Corporate Defined Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.
