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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDOGet Free Report) 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 Price Performance

GDO stock opened at $11.70 on Thursday. Western Asset Global Corporate Defined Opportunity Fund has a one year low of $11.65 and a one year high of $13.04. The firm has a 50-day simple moving average of $12.35 and a two-hundred day simple moving average of $12.41.

About Western Asset Global Corporate Defined Opportunity Fund

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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.

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Dividend History for Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO)

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