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) announced a monthly dividend on Thursday, August 8th, Wall Street Journal reports. Shareholders 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 yield of 4.90%. The ex-dividend date is Thursday, October 24th.

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 Price Performance

IGI traded up $0.05 during trading on Thursday, hitting $17.39. 10,536 shares of the company’s stock were exchanged, compared to its average volume of 25,341. Western Asset Investment Grade Defined Opportunity Trust has a 1 year low of $15.13 and a 1 year high of $17.79. The stock has a 50 day moving average price of $17.17 and a 200 day moving average price of $17.07.

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.