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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.122 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

Shares of GDO stock traded down $0.02 on Monday, reaching $11.40. The company had a trading volume of 24,331 shares, compared to its average volume of 35,947. The company has a 50-day moving average of $11.65 and a 200-day moving average of $11.76. Western Asset Global Corporate Defined Opportunity Fund has a 12 month low of $10.29 and a 12 month high of $12.15.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

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.