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 paid a dividend of 0.071 per share on Friday, November 1st. This represents a $0.85 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, October 24th.

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

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.3 %

IGI stock traded up $0.05 during trading on Thursday, reaching $17.39. The company’s stock had a trading volume of 10,536 shares, 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 company’s fifty day moving average is $17.17 and its 200-day moving average is $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.