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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be given a dividend of 0.122 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of Western Asset Global Corporate Defined Opportunity Fund stock opened at $10.33 on Thursday. Western Asset Global Corporate Defined Opportunity Fund has a 52-week low of $10.20 and a 52-week high of $12.15. The company’s fifty day moving average price is $10.60 and its two-hundred day moving average price is $10.96.

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.