Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) to Issue Monthly Dividend of $0.10

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announced a monthly dividend on Wednesday, November 15th, Wall Street Journal reports. Investors of record on Wednesday, January 24th will be paid a dividend of 0.102 per share on Thursday, February 1st. This represents a $1.22 annualized dividend and a yield of 10.33%. The ex-dividend date of this dividend is Tuesday, January 23rd.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of NYSE:GDO opened at $11.85 on Thursday. The firm has a fifty day simple moving average of $11.68 and a two-hundred day simple moving average of $12.12. Western Asset Global Corporate Defined Opportunity Fund has a 52 week low of $11.21 and a 52 week high of $14.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FCA Corp TX lifted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.4% in the 1st quarter. FCA Corp TX now owns 226,577 shares of the company’s stock valued at $3,367,000 after purchasing an additional 3,227 shares during the last quarter. Guggenheim Capital LLC lifted its position in Western Asset Global Corporate Defined Opportunity Fund by 9.9% in the first quarter. Guggenheim Capital LLC now owns 170,084 shares of the company’s stock worth $2,528,000 after buying an additional 15,377 shares during the last quarter. UBS Group AG boosted its stake in Western Asset Global Corporate Defined Opportunity Fund by 8.5% during the second quarter. UBS Group AG now owns 140,260 shares of the company’s stock worth $1,903,000 after buying an additional 10,944 shares during the period. Ameriprise Financial Inc. increased its position in Western Asset Global Corporate Defined Opportunity Fund by 7.5% during the third quarter. Ameriprise Financial Inc. now owns 152,185 shares of the company’s stock valued at $1,803,000 after acquiring an additional 10,573 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the fourth quarter valued at $1,153,000.

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.