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 Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.071 per share on Monday, June 2nd. This represents a $0.85 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Thursday, May 22nd.

Western Asset Investment Grade Defined Opportunity Trust has raised its dividend payment by an average of 1.9% annually over the last three years.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.8 %

Shares of NYSE IGI opened at $16.72 on Friday. The stock’s fifty day simple moving average is $16.50 and its two-hundred day simple moving average is $17.04. Western Asset Investment Grade Defined Opportunity Trust has a 12-month low of $16.09 and a 12-month high of $18.30.

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.