Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Declares Dividend Increase – $0.12 Per Share

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a — dividend on Wednesday, November 20th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.122 per share on Monday, March 3rd. This represents a yield of 12.5%. The ex-dividend date is Friday, February 21st. This is a boost from Western Asset Global Corporate Defined Opportunity Fund’s previous — dividend of $0.10.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 0.7 %

NYSE:GDO opened at $11.50 on Friday. Western Asset Global Corporate Defined Opportunity Fund has a 1 year low of $11.49 and a 1 year high of $13.04. The firm has a 50 day moving average of $12.32 and a 200-day moving average of $12.40.

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.