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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Thursday, November 20th. Investors of record on Tuesday, December 23rd will be given a dividend of 0.122 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Tuesday, December 23rd.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 2.2%

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

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

Several large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in Western Asset Global Corporate Defined Opportunity Fund by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 136,424 shares of the company’s stock worth $1,621,000 after purchasing an additional 17,217 shares during the period. Smith Asset Management Co. LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter worth about $1,491,000. Osaic Holdings Inc. boosted its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 41.7% in the 2nd quarter. Osaic Holdings Inc. now owns 112,578 shares of the company’s stock valued at $1,328,000 after buying an additional 33,151 shares during the period. 1607 Capital Partners LLC grew its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 174.6% during the 1st 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 last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.2% during the 2nd quarter. Raymond James Financial Inc. now owns 75,165 shares of the company’s stock valued at $887,000 after buying an additional 884 shares during the last quarter.

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.