Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) to Issue Monthly Dividend of $0.07 on August 31st

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 24th will be paid a dividend of 0.071 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Monday, August 24th.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 1.1%

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

About Western Asset Investment Grade Defined Opportunity Trust

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.