Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) to Issue Monthly Dividend of $0.07 on March 31st

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Monday, February 23rd. Investors of record on Tuesday, March 24th will be given a dividend of 0.071 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

NYSE IGI opened at $15.98 on Friday. Western Asset Investment Grade Defined Opportunity Trust has a 52-week low of $15.70 and a 52-week high of $17.09. The business’s 50-day moving average price is $16.41 and its 200 day moving average price is $16.53.

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.