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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.071 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Shares of Western Asset Investment Grade Defined Opportunity Trust stock traded down $0.02 during trading on Thursday, hitting $16.13. 5,143 shares of the company’s stock traded hands, compared to its average volume of 19,512. The firm’s fifty day moving average price is $16.14 and its 200 day moving average price is $16.37. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $15.78 and a twelve month high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.