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

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

Western Asset Global Corporate Defined Opportunity Fund Trading Up 0.2%

NYSE GDO traded up $0.03 on Thursday, hitting $10.91. The company’s stock had a trading volume of 27,612 shares, compared to its average volume of 30,754. Western Asset Global Corporate Defined Opportunity Fund has a 52-week low of $10.52 and a 52-week high of $12.15. The company’s 50-day simple moving average is $11.00 and its 200 day simple moving average is $11.41.

Institutional Investors Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new stake in Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter worth approximately $30,000. Advisory Services Network LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter worth approximately $37,000. Kestra Advisory Services LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter worth approximately $84,000. Susquehanna International Group LLP bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter worth approximately $177,000. Finally, Cetera Investment Advisers raised its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 43.6% in the 4th quarter. Cetera Investment Advisers now owns 19,836 shares of the company’s stock worth $234,000 after acquiring an additional 6,020 shares in the last quarter.

About Western Asset Global Corporate Defined Opportunity Fund

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.