Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) to Issue — Dividend of $0.12

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a — dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.122 per share on Monday, March 3rd. This represents a dividend yield of 12.5%. The ex-dividend date is Friday, February 21st. This is a positive change from Western Asset Global Corporate Defined Opportunity Fund’s previous — dividend of $0.10.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

GDO stock traded down $0.05 during midday trading on Wednesday, hitting $11.70. The company’s stock had a trading volume of 43,671 shares, compared to its average volume of 48,474. Western Asset Global Corporate Defined Opportunity Fund has a 52-week low of $11.65 and a 52-week high of $13.04. The firm has a 50-day simple moving average of $12.35 and a 200-day simple moving average of $12.41.

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.