Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Get Free Report) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Friday, July 24th will be given a dividend of 0.071 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, July 24th.
Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.8%
Shares of Western Asset Investment Grade Defined Opportunity Trust stock opened at $15.96 on Wednesday. Western Asset Investment Grade Defined Opportunity Trust has a 1-year low of $15.78 and a 1-year high of $17.09. The company’s fifty day simple moving average is $16.07 and its 200-day simple moving average is $16.22.
Western Asset Investment Grade Defined Opportunity Trust Company Profile
Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.
The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.
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