Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Get Free Report) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 23rd will be given a dividend of 0.071 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.0%
Shares of NYSE:IGI opened at $15.77 on Thursday. The firm’s 50 day moving average price is $16.01 and its 200-day moving average price is $16.17. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $15.56 and a twelve month high of $17.09.
About Western Asset Investment Grade Defined Opportunity Trust
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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