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 Wednesday, August 5th. Investors of record on Wednesday, September 23rd will be given a dividend of 0.122 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

GDO opened at $10.33 on Thursday. The firm has a 50 day simple moving average of $10.60 and a 200 day simple moving average of $10.96. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $10.20 and a fifty-two week high of $12.15.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 6.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 62,526 shares of the company’s stock worth $671,000 after purchasing an additional 3,550 shares during the last quarter. CoreCap Advisors LLC bought a new stake in Western Asset Global Corporate Defined Opportunity Fund in the second quarter valued at about $64,000. Van Diest Capital LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund during the first quarter worth about $149,000. Fifth Third Bancorp acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the 1st quarter worth about $30,000. Finally, Guggenheim Capital LLC raised its position in shares of 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 valued at $924,000 after acquiring an additional 24,150 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

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.