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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a dividend on Wednesday, January 22nd,investing.com reports. Investors of record on Monday, January 27th will be given a dividend of 0.122 per share on Monday, February 3rd. This represents a yield of 12.91%. The ex-dividend date of this dividend is Friday, January 24th. 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 Up 0.5 %

NYSE:GDO traded up $0.06 during midday trading on Wednesday, reaching $11.34. 15,841 shares of the company traded hands, compared to its average volume of 39,857. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $10.92 and a twelve month high of $13.01. The company has a fifty day moving average price of $11.42 and a 200 day moving average price of $12.13.

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.