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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.071 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Thursday, April 23rd.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

IGI stock opened at $16.48 on Tuesday. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $15.70 and a twelve month high of $17.09. The stock’s 50 day moving average is $16.49 and its 200-day moving average is $16.58.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.