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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.122 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.2%

NYSE GDO opened at $11.40 on Tuesday. The stock’s 50 day moving average is $11.65 and its two-hundred day moving average is $11.76. Western Asset Global Corporate Defined Opportunity Fund has a 1-year low of $10.29 and a 1-year high of $12.15.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. grew its position in Western Asset Global Corporate Defined Opportunity Fund by 1.2% in the second quarter. Raymond James Financial Inc. now owns 75,165 shares of the company’s stock valued at $887,000 after acquiring an additional 884 shares during the period. Shaker Financial Services LLC boosted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 2.8% in the 3rd quarter. Shaker Financial Services LLC now owns 33,791 shares of the company’s stock valued at $407,000 after purchasing an additional 918 shares in the last quarter. UBS Group AG boosted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.7% in the 3rd quarter. UBS Group AG now owns 61,403 shares of the company’s stock valued at $729,000 after purchasing an additional 1,044 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter worth about $37,000. Finally, Cetera Investment Advisers increased its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 43.6% during the 4th quarter. Cetera Investment Advisers now owns 19,836 shares of the company’s stock worth $234,000 after purchasing 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.