Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Raises Dividend to $0.07 Per Share

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a dividend on Monday, March 24th, investing.com reports. Stockholders of record on Tuesday, March 25th will be given a dividend of 0.071 per share on Tuesday, April 1st. This represents a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, March 24th. This is a 3.6% increase from Western Asset Investment Grade Defined Opportunity Trust’s previous dividend of $0.07.

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

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

IGI stock opened at $16.52 on Tuesday. Western Asset Investment Grade Defined Opportunity Trust has a one year low of $16.09 and a one year high of $18.30. The firm’s fifty day moving average is $16.60 and its 200 day moving average is $16.87.

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.