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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Wednesday, February 19th, NASDAQ Dividends reports. Stockholders of record on Monday, March 24th will be given a dividend of 0.071 per share on Tuesday, April 1st. This represents a $0.85 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Monday, March 24th.

Western Asset Investment Grade Defined Opportunity Trust has increased its dividend payment by an average of 1.9% per year over the last three years.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.3 %

Shares of Western Asset Investment Grade Defined Opportunity Trust stock opened at $16.68 on Friday. The firm’s 50-day moving average price is $16.59 and its two-hundred day moving average price is $16.89. Western Asset Investment Grade Defined Opportunity Trust has a 1-year low of $16.09 and a 1-year high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It 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.