Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) to Issue Monthly Dividend of $0.12

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 12.8%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of GDO stock opened at $11.40 on Tuesday. The stock has a 50 day moving average price of $11.65 and a 200 day moving average price of $11.76. Western Asset Global Corporate Defined Opportunity Fund has a 52-week low of $10.29 and a 52-week high of $12.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in Western Asset Global Corporate Defined Opportunity Fund in the third quarter valued at about $37,000. Kestra Advisory Services LLC purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter valued at approximately $84,000. Susquehanna International Group LLP purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter valued at approximately $177,000. Cetera Investment Advisers boosted its stake in Western Asset Global Corporate Defined Opportunity Fund by 43.6% in the 4th quarter. Cetera Investment Advisers now owns 19,836 shares of the company’s stock worth $234,000 after purchasing an additional 6,020 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Western Asset Global Corporate Defined Opportunity Fund by 54.1% during the 1st quarter. Royal Bank of Canada now owns 28,370 shares of the company’s stock worth $329,000 after purchasing an additional 9,957 shares during the last quarter.

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.