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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.122 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date is Tuesday, June 23rd.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

NYSE GDO traded up $0.03 during trading hours on Thursday, hitting $10.91. The company had a trading volume of 27,612 shares, compared to its average volume of 30,754. The business has a 50 day moving average of $11.00 and a 200-day moving average of $11.41. Western Asset Global Corporate Defined Opportunity Fund has a 1-year low of $10.52 and a 1-year high of $12.15.

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.