Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) to Issue Monthly Dividend of $0.07 on November 1st

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGIGet Rating) declared a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Shareholders of record on Monday, October 24th will be paid a dividend of 0.0665 per share on Tuesday, November 1st. This represents a $0.80 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, October 21st.

Western Asset Investment Grade Defined Opportunity Trust has decreased its dividend payment by an average of 5.9% per year 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. The business has a fifty day moving average price of $17.17 and a two-hundred day moving average price of $18.08. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $16.42 and a fifty-two week high of $23.76.

Hedge Funds Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Several hedge funds and other institutional investors have recently modified their holdings of IGI. Raymond James & Associates increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 4.1% in the 1st 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 during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Western Asset Investment Grade Defined Opportunity Trust by 5.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 28,749 shares of the company’s stock worth $538,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Invesco Ltd. grew its position in Western Asset Investment Grade Defined Opportunity Trust by 1.1% during the 1st quarter. Invesco Ltd. now owns 120,387 shares of the company’s stock worth $2,253,000 after acquiring an additional 1,363 shares during 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.

See Also

Dividend History for Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI)

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