Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) To Go Ex-Dividend on May 21st

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

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Shares of IGI stock opened at $16.47 on Wednesday. Western Asset Investment Grade Defined Opportunity Trust has a 12-month low of $15.70 and a 12-month high of $17.09. The firm has a fifty day moving average of $16.50 and a 200-day moving average of $16.58.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.