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) declared a monthly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.071 per share on Monday, June 2nd. This represents a $0.85 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Thursday, May 22nd.

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

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.8 %

Shares of Western Asset Investment Grade Defined Opportunity Trust stock opened at $16.72 on Friday. Western Asset Investment Grade Defined Opportunity Trust has a 12-month low of $16.09 and a 12-month high of $18.30. The stock’s fifty day moving average is $16.50 and its 200-day moving average is $17.03.

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.