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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Monday, August 24th will be given a dividend of 0.122 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date is Monday, August 24th.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

NYSE GDO opened at $10.28 on Friday. Western Asset Global Corporate Defined Opportunity Fund has a 12 month low of $10.20 and a 12 month high of $12.15. The company’s 50 day simple moving average is $10.49 and its 200 day simple moving average is $10.85.

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.