Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) to Issue Monthly Dividend of $0.12 on June 2nd

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.122 per share on Monday, June 2nd. This represents a $1.46 annualized dividend and a yield of 12.83%. The ex-dividend date is Thursday, May 22nd.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

NYSE:GDO opened at $11.41 on Tuesday. The business’s fifty day moving average price is $11.29 and its 200 day moving average price is $11.39. Western Asset Global Corporate Defined Opportunity Fund has a 12 month low of $10.29 and a 12 month high of $13.01.

Hedge Funds Weigh In On Western Asset Global Corporate Defined Opportunity Fund

A hedge fund recently raised its stake in Western Asset Global Corporate Defined Opportunity Fund stock. Royal Bank of Canada boosted its holdings in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 54.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,370 shares of the company’s stock after buying an additional 9,957 shares during the quarter. Royal Bank of Canada’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $329,000 at the end of the most recent quarter.

About Western Asset Global Corporate Defined Opportunity Fund

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.