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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Friday, August 9th,Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.071 per share on Monday, December 2nd. This represents a $0.85 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Thursday, November 21st.

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 $16.64 on Tuesday. The business has a 50 day moving average price of $17.32 and a two-hundred day moving average price of $17.28. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $16.08 and a twelve month 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.