Western Asset Investment Grade Defined Opportunity Trust Inc. Declares Monthly Dividend of $0.07 (NYSE:IGI)

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Thursday, May 22nd will be given a dividend of 0.071 per share on Monday, June 2nd. This represents a $0.85 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Thursday, May 22nd.

Western Asset Investment Grade Defined Opportunity Trust has raised its dividend by an average of 1.9% per year over the last three years.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

IGI opened at $16.79 on Friday. Western Asset Investment Grade Defined Opportunity Trust has a 1 year low of $16.09 and a 1 year high of $18.30. The stock has a fifty day moving average price of $16.50 and a 200 day moving average price of $17.04.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It 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.