Western Asset Global Corporate Defined Opportunity Fund Inc. Declares Monthly Dividend of $0.10 (NYSE:GDO)

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.102 per share on Wednesday, May 1st. This represents a $1.22 annualized dividend and a dividend yield of 10.20%. The ex-dividend date of this dividend is Monday, April 22nd.

Western Asset Global Corporate Defined Opportunity Fund has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 1 years.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

Shares of GDO stock opened at $12.00 on Friday. The company has a 50 day moving average of $12.42 and a 200-day moving average of $12.23. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $11.21 and a 12-month high of $13.04.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GDO. NewEdge Advisors LLC grew its stake in Western Asset Global Corporate Defined Opportunity Fund by 11.7% in the 1st quarter. NewEdge Advisors LLC now owns 25,800 shares of the company’s stock valued at $383,000 after buying an additional 2,700 shares in the last quarter. FCA Corp TX grew its stake in Western Asset Global Corporate Defined Opportunity Fund by 1.4% in the 1st quarter. FCA Corp TX now owns 226,577 shares of the company’s stock valued at $3,367,000 after buying an additional 3,227 shares in the last quarter. Rivernorth Capital Management LLC purchased a new position in Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter valued at approximately $404,000. Guggenheim Capital LLC grew its stake in Western Asset Global Corporate Defined Opportunity Fund by 9.9% in the 1st quarter. Guggenheim Capital LLC now owns 170,084 shares of the company’s stock valued at $2,528,000 after buying an additional 15,377 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Western Asset Global Corporate Defined Opportunity Fund by 1.9% in the 1st quarter. Bank of America Corp DE now owns 347,721 shares of the company’s stock valued at $5,167,000 after buying an additional 6,516 shares in 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.