Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) to Issue Dividend Increase – $0.10 Per Share

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Wednesday, August 2nd, NASDAQ reports. Stockholders of record on Friday, September 22nd will be paid a dividend of 0.102 per share on Monday, October 2nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date of this dividend is Thursday, September 21st. This is an increase from Western Asset Global Corporate Defined Opportunity Fund’s previous monthly dividend of $0.10.

Western Asset Global Corporate Defined Opportunity Fund Trading Up 0.1 %

Shares of Western Asset Global Corporate Defined Opportunity Fund stock traded up $0.01 on Tuesday, reaching $11.97. 803 shares of the company were exchanged, compared to its average volume of 26,108. The company has a 50-day moving average of $12.32 and a 200 day moving average of $12.38. Western Asset Global Corporate Defined Opportunity Fund has a one year low of $11.15 and a one year high of $14.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 11.7% during the first quarter. NewEdge Advisors LLC now owns 25,800 shares of the company’s stock worth $383,000 after purchasing an additional 2,700 shares during the period. FCA Corp TX boosted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.4% in the first quarter. FCA Corp TX now owns 226,577 shares of the company’s stock valued at $3,367,000 after buying an additional 3,227 shares during the period. Rivernorth Capital Management LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund during the 1st quarter worth $404,000. Guggenheim Capital LLC raised its holdings in Western Asset Global Corporate Defined Opportunity Fund by 9.9% in the 1st quarter. Guggenheim Capital LLC now owns 170,084 shares of the company’s stock valued at $2,528,000 after acquiring an additional 15,377 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.9% during the 1st quarter. Bank of America Corp DE now owns 347,721 shares of the company’s stock valued at $5,167,000 after acquiring an additional 6,516 shares during the period.

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.