Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Declares Monthly Dividend of $0.07

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.071 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.1%

Shares of IGI stock traded down $0.02 during trading on Thursday, hitting $16.13. The company had a trading volume of 5,143 shares, compared to its average volume of 19,512. The stock’s 50-day moving average is $16.14 and its two-hundred day moving average is $16.37. Western Asset Investment Grade Defined Opportunity Trust has a 52 week low of $15.78 and a 52 week high of $17.09.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.