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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of 0.122 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

NYSE GDO opened at $10.33 on Thursday. The firm has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $10.96. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $10.20 and a 12-month high of $12.15.

Hedge Funds Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in shares of 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 in the last quarter. Raymond James Financial Inc. raised its stake in Western Asset Global Corporate Defined Opportunity Fund by 1.2% in the second quarter. Raymond James Financial Inc. now owns 75,165 shares of the company’s stock valued at $887,000 after purchasing an additional 884 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Western Asset Global Corporate Defined Opportunity Fund by 9.3% during the second quarter. Ameriprise Financial Inc. now owns 119,207 shares of the company’s stock worth $1,396,000 after purchasing an additional 10,148 shares during the period. UBS Group AG grew its stake in Western Asset Global Corporate Defined Opportunity Fund by 1.7% during the third quarter. UBS Group AG now owns 61,403 shares of the company’s stock worth $729,000 after buying an additional 1,044 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter valued at about $177,000.

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.