Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) to Distribute Monthly Dividend of $0.12 on October 30th

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.1220 per share on Friday, October 30th. This represents a $1.46 annualized dividend and a dividend yield of 15.1%. The ex-dividend date of this dividend is Friday, October 23rd.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.4%

GDO opened at $9.71 on Wednesday. The business has a 50 day simple moving average of $9.91 and a two-hundred day simple moving average of $10.45. Western Asset Global Corporate Defined Opportunity Fund has a one year low of $9.33 and a one year high of $11.93.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

Western Asset Global Corporate Defined Opportunity Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol GDO. The fund seeks to provide current income and total return by investing primarily in a diversified portfolio of global corporate debt securities.

Its portfolio may include investment-grade and below-investment-grade corporate bonds and other fixed-income obligations issued by companies in the United States and international markets. The fund’s global mandate gives it exposure to corporate credit markets across multiple countries and geographic regions, while its closed-end structure allows shares to trade on an exchange after issuance.

Western Asset Global Corporate Defined Opportunity Fund is managed by Western Asset Management Company, an investment manager specializing in fixed-income strategies and affiliated with Franklin Resources.