Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) to Issue Monthly Dividend of $0.10 on September 1st

Posted by Defense World Staff on Aug 21st, 2023

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Free Report) declared a monthly dividend on Wednesday, May 17th, Wall Street Journal reports. Shareholders of record on Thursday, August 24th will be paid a dividend of 0.101 per share on Friday, September 1st. This represents a $1.21 annualized dividend and a yield of 9.88%. The ex-dividend date is Wednesday, August 23rd.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

Shares of GDO opened at $12.27 on Monday. Western Asset Global Corporate Defined Opportunity Fund has a one year low of $11.15 and a one year high of $14.15. The firm has a 50 day simple moving average of $12.42 and a two-hundred day simple moving average of $12.51.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 11.0% during the second quarter. Kestra Advisory Services LLC now owns 23,873 shares of the company’s stock worth $295,000 after buying an additional 2,373 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the first quarter worth $178,000. Stifel Financial Corp increased its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 14.0% during the first quarter. Stifel Financial Corp now owns 14,779 shares of the company’s stock worth $188,000 after buying an additional 1,812 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter worth $1,153,000. Finally, Money Concepts Capital Corp acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter worth $30,000.

About Western Asset Global Corporate Defined Opportunity Fund

(Get Free Report)

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.