Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 23rd will be given a dividend of 0.122 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date of this dividend is Friday, October 23rd.
Western Asset Global Corporate Defined Opportunity Fund Trading Up 0.1%
NYSE:GDO opened at $10.33 on Thursday. The business’s 50-day simple moving average is $10.60 and its 200-day simple moving average is $10.96. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $10.20 and a fifty-two week high of $12.15.
About Western Asset Global Corporate Defined Opportunity Fund
The Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues a broadly diversified portfolio of corporate debt instruments, investing across investment-grade and below investment-grade securities issued by corporations worldwide. Through an actively managed strategy, GDO aims to capture opportunities arising from market dislocations, credit spreads and interest rate movements.
GDO’s investment approach is built around a global credit platform, allowing the fund to allocate capital across various sectors, regions and credit-quality levels.
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