Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) to Issue Monthly Dividend of $0.07 on June 2nd

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Thursday, May 22nd will be paid a dividend of 0.071 per share on Monday, June 2nd. This represents a $0.85 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Thursday, May 22nd.

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 Trading Down 0.8 %

Shares of NYSE IGI opened at $16.72 on Friday. The business’s 50 day moving average price is $16.50 and its 200-day moving average price is $17.04. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $16.09 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.