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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Thursday, November 20th. Investors of record on Friday, February 20th will be paid a dividend of 0.122 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 2.2%

NYSE:GDO traded down $0.26 during trading hours on Thursday, reaching $11.44. 19,704 shares of the company were exchanged, compared to its average volume of 32,890. The business has a 50 day moving average of $11.81 and a 200 day moving average of $11.72. Western Asset Global Corporate Defined Opportunity Fund has a 1-year low of $10.29 and a 1-year high of $12.15.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GDO. Ameriprise Financial Inc. raised its stake in Western Asset Global Corporate Defined Opportunity Fund by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 136,424 shares of the company’s stock valued at $1,621,000 after purchasing an additional 17,217 shares in the last quarter. Smith Asset Management Co. LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter valued at about $1,491,000. Osaic Holdings Inc. raised its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 41.7% in the 2nd quarter. Osaic Holdings Inc. now owns 112,578 shares of the company’s stock valued at $1,328,000 after buying an additional 33,151 shares in the last quarter. 1607 Capital Partners LLC raised its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 174.6% in the 1st quarter. 1607 Capital Partners LLC now owns 78,000 shares of the company’s stock valued at $903,000 after buying an additional 49,600 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.2% during the 2nd quarter. Raymond James Financial Inc. now owns 75,165 shares of the company’s stock worth $887,000 after acquiring an additional 884 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

Western Asset Global Corporate Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.