Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Declares Dividend Increase – $0.12 Per Share

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a dividend on Wednesday, January 22nd,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.122 per share on Monday, February 3rd. This represents a dividend yield of 12.91%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase from Western Asset Global Corporate Defined Opportunity Fund’s previous dividend of $0.10.

Western Asset Global Corporate Defined Opportunity Fund Stock Up 0.5 %

NYSE:GDO traded up $0.06 during trading hours on Wednesday, hitting $11.34. 15,841 shares of the company’s stock traded hands, compared to its average volume of 39,857. Western Asset Global Corporate Defined Opportunity Fund has a twelve month low of $10.92 and a twelve month high of $13.01. The stock’s fifty day moving average price is $11.42 and its two-hundred day moving average price is $12.13.

About Western Asset Global Corporate Defined Opportunity Fund

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.