Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) to Distribute Monthly Dividend of $0.12 on October 30th

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Wednesday, August 5th. Investors of record on Friday, October 23rd will be given a dividend of 0.122 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Friday, October 23rd.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of GDO opened at $10.29 on Friday. The firm has a fifty day simple moving average of $10.59 and a two-hundred day simple moving average of $10.95. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $10.20 and a twelve month high of $12.15.

About Western Asset Global Corporate Defined Opportunity Fund

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.