Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Plans $0.07 Monthly Dividend

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGIGet Rating) announced a monthly dividend on Friday, August 5th, Wall Street Journal reports. Shareholders of record on Tuesday, November 22nd will be paid a dividend of 0.0665 per share on Thursday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Monday, November 21st.

Western Asset Investment Grade Defined Opportunity Trust has decreased its dividend payment by an average of 5.9% per year over the last three years.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

IGI traded down $0.24 during trading on Friday, reaching $17.60. The company’s stock had a trading volume of 522 shares, compared to its average volume of 30,716. Western Asset Investment Grade Defined Opportunity Trust has a 52-week low of $16.42 and a 52-week high of $23.76. The company’s fifty day moving average price is $17.17 and its 200-day moving average price is $18.08.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 1.1% in the 1st quarter. Invesco Ltd. now owns 120,387 shares of the company’s stock valued at $2,253,000 after purchasing an additional 1,363 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 5.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 28,749 shares of the company’s stock worth $538,000 after acquiring an additional 1,474 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 4.1% during the 1st quarter. Raymond James & Associates now owns 60,346 shares of the company’s stock worth $1,130,000 after acquiring an additional 2,373 shares in the last quarter.

About Western Asset Investment Grade Defined Opportunity Trust

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Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It 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.

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Dividend History for Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI)

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