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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Friday, August 9th,Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.071 per share on Monday, December 2nd. This represents a $0.85 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Thursday, November 21st.

Western Asset Investment Grade Defined Opportunity Trust has decreased its dividend payment by an average of 1.5% per year over the last three years.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.2 %

Shares of NYSE IGI opened at $16.67 on Wednesday. The firm’s 50-day moving average price is $17.30 and its 200-day moving average price is $17.28. Western Asset Investment Grade Defined Opportunity Trust has a 52-week low of $16.08 and a 52-week high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.