Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Announces Monthly Dividend of $0.12

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Thursday, November 20th. Shareholders of record on Tuesday, December 23rd will be paid a dividend of 0.122 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Tuesday, December 23rd.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

Western Asset Global Corporate Defined Opportunity Fund stock traded down $0.26 during trading on Thursday, hitting $11.44. The company’s stock had a trading volume of 19,704 shares, compared to its average volume of 32,890. The stock’s fifty day moving average is $11.81 and its 200 day moving average is $11.72. Western Asset Global Corporate Defined Opportunity Fund has a 1-year low of $10.29 and a 1-year high of $12.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GDO. Advisory Services Network LLC acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund during the 3rd quarter valued at $37,000. Susquehanna International Group LLP purchased a new position in Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter valued at about $177,000. Ameriprise Financial Inc. grew its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 14.4% during the third quarter. Ameriprise Financial Inc. now owns 136,424 shares of the company’s stock valued at $1,621,000 after acquiring an additional 17,217 shares in the last quarter. UBS Group AG grew its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.7% during the third quarter. UBS Group AG now owns 61,403 shares of the company’s stock valued at $729,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Fiera Capital Corp increased its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 21.5% during the third quarter. Fiera Capital Corp now owns 73,423 shares of the company’s stock worth $872,000 after acquiring an additional 12,969 shares during the last quarter.

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.