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 – Get Rating) announced a monthly dividend on Friday, August 5th, Wall Street Journal reports. Stockholders of record on Tuesday, November 22nd will be given a dividend of 0.0665 per share on Thursday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, November 21st.

Western Asset Investment Grade Defined Opportunity Trust has decreased its dividend payment by an average of 5.9% annually over the last three years.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 1.3 %

Shares of NYSE:IGI opened at $17.60 on Friday. Western Asset Investment Grade Defined Opportunity Trust has a 1 year low of $16.42 and a 1 year high of $23.76. The stock’s fifty day moving average price is $17.17 and its 200-day moving average price is $18.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IGI. Raymond James & Associates lifted its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 4.1% during the first quarter. Raymond James & Associates now owns 60,346 shares of the company’s stock valued at $1,130,000 after purchasing an additional 2,373 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 5.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 28,749 shares of the company’s stock valued at $538,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.1% during the first quarter. Invesco Ltd. now owns 120,387 shares of the company’s stock valued at $2,253,000 after purchasing an additional 1,363 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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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.