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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, November 20th will be paid a dividend of 0.071 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Shares of Western Asset Investment Grade Defined Opportunity Trust stock opened at $15.77 on Thursday. Western Asset Investment Grade Defined Opportunity Trust has a 1 year low of $15.56 and a 1 year high of $17.09. The company’s fifty day moving average is $16.01 and its two-hundred day moving average is $16.17.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.