Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) to Issue Monthly Dividend of $0.12 on March 31st

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.122 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Tuesday, March 24th.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.4%

Shares of NYSE:GDO opened at $11.36 on Wednesday. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $10.29 and a twelve month high of $12.15. The stock’s 50 day moving average is $11.65 and its 200-day moving average is $11.76.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

The Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues a broadly diversified portfolio of corporate debt instruments, investing across investment-grade and below investment-grade securities issued by corporations worldwide. Through an actively managed strategy, GDO aims to capture opportunities arising from market dislocations, credit spreads and interest rate movements.

GDO’s investment approach is built around a global credit platform, allowing the fund to allocate capital across various sectors, regions and credit-quality levels.