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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 23rd will be given a dividend of 0.071 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, October 23rd.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

Shares of IGI stock opened at $15.77 on Thursday. The company’s fifty day moving average price is $16.01 and its 200-day moving average price is $16.17. Western Asset Investment Grade Defined Opportunity Trust has a 12 month low of $15.56 and a 12 month 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.