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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.122 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date is Tuesday, June 23rd.

Western Asset Global Corporate Defined Opportunity Fund Stock Up 0.2%

NYSE GDO opened at $10.91 on Friday. The firm’s fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $11.40. Western Asset Global Corporate Defined Opportunity Fund has a 12-month low of $10.52 and a 12-month high of $12.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its stake in Western Asset Global Corporate Defined Opportunity Fund by 22.3% in the fourth quarter. Osaic Holdings Inc. now owns 176,944 shares of the company’s stock valued at $2,090,000 after buying an additional 32,308 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 14.4% during the third quarter. Ameriprise Financial Inc. now owns 136,424 shares of the company’s stock valued at $1,621,000 after acquiring an additional 17,217 shares in the last quarter. Fiera Capital Corp raised its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 42.6% in the 4th quarter. Fiera Capital Corp now owns 104,687 shares of the company’s stock valued at $1,236,000 after purchasing an additional 31,264 shares during the last quarter. Shaker Financial Services LLC boosted its stake in Western Asset Global Corporate Defined Opportunity Fund by 181.0% in the 4th quarter. Shaker Financial Services LLC now owns 94,936 shares of the company’s stock worth $1,121,000 after purchasing an additional 61,145 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Western Asset Global Corporate Defined Opportunity Fund by 44.7% in the 4th quarter. Guggenheim Capital LLC now owns 78,231 shares of the company’s stock worth $924,000 after purchasing an additional 24,150 shares in the last quarter.

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.