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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Thursday, November 20th. Investors of record on Friday, January 23rd will be paid a dividend of 0.122 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, January 23rd.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

Shares of GDO traded down $0.26 during trading hours on Thursday, hitting $11.44. The stock had a trading volume of 19,704 shares, compared to its average volume of 32,890. Western Asset Global Corporate Defined Opportunity Fund has a 12 month low of $10.29 and a 12 month high of $12.15. The stock has a fifty day moving average price of $11.81 and a 200 day moving average price of $11.72.

Institutional Investors Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 1607 Capital Partners LLC grew its position in Western Asset Global Corporate Defined Opportunity Fund by 174.6% during the first quarter. 1607 Capital Partners LLC now owns 78,000 shares of the company’s stock valued at $903,000 after buying an additional 49,600 shares during the period. Landscape Capital Management L.L.C. bought a new position in Western Asset Global Corporate Defined Opportunity Fund in the first quarter worth approximately $143,000. Wolverine Asset Management LLC boosted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 5.1% during the 1st quarter. Wolverine Asset Management LLC now owns 59,904 shares of the company’s stock worth $694,000 after acquiring an additional 2,881 shares during the last quarter. Smith Asset Management Co. LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund during the 1st quarter valued at $1,491,000. Finally, Fiera Capital Corp grew its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 21.5% during the 3rd quarter. Fiera Capital Corp now owns 73,423 shares of the company’s stock valued at $872,000 after acquiring an additional 12,969 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

Western Asset Global Corporate Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.