Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Free Report) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be given a dividend of 0.122 per share on Monday, November 30th. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Friday, November 20th.
Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.1%
Shares of NYSE:GDO opened at $10.29 on Friday. The stock’s 50-day moving average price is $10.59 and its 200-day moving average price is $10.95. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $10.20 and a 12-month high of $12.15.
Hedge Funds Weigh In On Western Asset Global Corporate Defined Opportunity Fund
Large investors have recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC lifted its position in Western Asset Global Corporate Defined Opportunity Fund by 6.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 62,526 shares of the company’s stock valued at $671,000 after purchasing an additional 3,550 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the second quarter worth approximately $64,000. Van Diest Capital LLC bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the first quarter worth approximately $149,000. Fifth Third Bancorp purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the first quarter worth $30,000. Finally, Guggenheim Capital LLC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 44.7% in the fourth quarter. Guggenheim Capital LLC now owns 78,231 shares of the company’s stock worth $924,000 after buying an additional 24,150 shares during the period.
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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