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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.071 per share on Monday, June 2nd. This represents a $0.85 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Thursday, May 22nd.

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

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

NYSE IGI opened at $16.79 on Friday. The stock’s 50 day moving average is $16.50 and its 200 day moving average is $17.04. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $16.09 and a twelve month high of $18.30.

About Western Asset Investment Grade Defined Opportunity Trust

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.