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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Friday, August 9th,Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.071 per share on Monday, December 2nd. This represents a $0.85 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend is Thursday, November 21st.

Western Asset Investment Grade Defined Opportunity Trust has decreased its dividend payment by an average of 1.5% per year over the last three years.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.1 %

Shares of NYSE IGI opened at $16.64 on Tuesday. Western Asset Investment Grade Defined Opportunity Trust has a 12 month low of $16.08 and a 12 month high of $18.30. The stock has a 50 day moving average of $17.32 and a 200-day moving average of $17.28.

About Western Asset Investment Grade Defined Opportunity Trust

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.