Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) to Issue Dividend Increase – $0.12 Per Share

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a — dividend on Wednesday, November 20th,Wall Street Journal reports. Investors of record on Friday, February 21st will be paid a dividend of 0.122 per share on Monday, March 3rd. This represents a yield of 12.5%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Western Asset Global Corporate Defined Opportunity Fund’s previous — dividend of $0.10.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.4 %

GDO stock traded down $0.05 during midday trading on Wednesday, hitting $11.70. The stock had a trading volume of 43,671 shares, compared to its average volume of 48,474. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $11.65 and a 12-month high of $13.04. The company’s 50-day moving average price is $12.35 and its 200 day moving average price is $12.41.

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.