Western Asset Investment Grade Defined Opportunity Trust Inc. to Issue Monthly Dividend of $0.07 (NYSE:IGI)

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Friday, July 24th will be given a dividend of 0.071 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, July 24th.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.1%

IGI traded down $0.02 during trading on Thursday, reaching $16.13. The company’s stock had a trading volume of 5,143 shares, compared to its average volume of 19,512. The firm has a fifty day simple moving average of $16.14 and a two-hundred day simple moving average of $16.37. Western Asset Investment Grade Defined Opportunity Trust has a 1 year low of $15.78 and a 1 year high of $17.09.

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.