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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Thursday, August 8th, Wall Street Journal reports. Stockholders of record on Thursday, October 24th will be given a dividend of 0.071 per share on Friday, November 1st. This represents a $0.85 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Thursday, October 24th.

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

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

IGI stock opened at $17.01 on Wednesday. The company has a 50 day moving average price of $17.73 and a 200 day moving average price of $17.27. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $15.13 and a fifty-two week high of $18.30.

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.