Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) to Issue Monthly Dividend of $0.07 on June 30th

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.071 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, June 23rd.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 1.1%

Shares of IGI stock opened at $15.99 on Friday. Western Asset Investment Grade Defined Opportunity Trust has a 1-year low of $15.78 and a 1-year high of $17.09. The firm’s 50-day simple moving average is $16.12 and its 200-day simple moving average is $16.36.

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.