Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be paid a dividend of 0.122 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date is Friday, November 20th.
Western Asset Global Corporate Defined Opportunity Fund Price Performance
GDO opened at $10.33 on Thursday. The company’s 50 day simple moving average is $10.60 and its 200-day simple moving average is $10.96. Western Asset Global Corporate Defined Opportunity Fund has a one year low of $10.20 and a one year high of $12.15.
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.
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