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

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) declared a monthly dividend on Friday, August 9th,Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.122 per share on Monday, December 2nd. This represents a $1.46 dividend on an annualized basis and a yield of 12.46%. The ex-dividend date is Thursday, November 21st.

Western Asset Global Corporate Defined Opportunity Fund Stock Up 0.4 %

Shares of GDO stock opened at $11.75 on Wednesday. The firm’s 50 day moving average price is $12.37 and its two-hundred day moving average price is $12.41. Western Asset Global Corporate Defined Opportunity Fund has a fifty-two week low of $11.65 and a fifty-two week high of $13.04.

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.