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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Tuesday, November 19th,NASDAQ Dividends reports. Investors of record on Monday, December 23rd will be given a dividend of 0.071 per share on Tuesday, December 31st. This represents a $0.85 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Monday, December 23rd.

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 Performance

NYSE:IGI traded up $0.05 during trading hours on Friday, reaching $16.64. 6,228 shares of the company were exchanged, compared to its average volume of 24,546. The stock has a 50 day simple moving average of $16.82 and a 200 day simple moving average of $17.26. Western Asset Investment Grade Defined Opportunity Trust has a 52-week low of $16.39 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.