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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 23rd will be given a dividend of 0.122 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Western Asset Global Corporate Defined Opportunity Fund Trading Up 0.1%

Shares of NYSE:GDO opened at $10.33 on Thursday. Western Asset Global Corporate Defined Opportunity Fund has a 1 year low of $10.20 and a 1 year high of $12.15. The firm has a fifty day moving average price of $10.60 and a 200 day moving average price of $10.96.

About Western Asset Global Corporate Defined Opportunity Fund

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.