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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Monday, February 23rd. Investors of record on Thursday, May 21st will be given a dividend of 0.071 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.2%

NYSE:IGI traded down $0.04 during mid-day trading on Monday, reaching $16.48. 18,124 shares of the company’s stock traded hands, compared to its average volume of 15,466. The company has a 50 day moving average price of $16.49 and a 200-day moving average price of $16.58. Western Asset Investment Grade Defined Opportunity Trust has a 12-month low of $15.70 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.