Western Asset Global Corp Defind Opp Fnd (GDO) Hits New 1-Year High at $17.11

Western Asset Global Corp Defind Opp Fnd (NYSE:GDO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $17.11 and last traded at $17.00, with a volume of 31697 shares traded. The stock had previously closed at $16.93.

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be issued a $0.101 dividend. This represents a $1.21 annualized dividend and a dividend yield of 7.09%. The ex-dividend date is Thursday, May 23rd.

Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in shares of Western Asset Global Corp Defind Opp Fnd by 1.6% in the third quarter. Morgan Stanley now owns 512,082 shares of the company’s stock worth $8,296,000 after buying an additional 8,199 shares in the last quarter. 1607 Capital Partners LLC lifted its holdings in shares of Western Asset Global Corp Defind Opp Fnd by 45.4% in the fourth quarter. 1607 Capital Partners LLC now owns 308,020 shares of the company’s stock worth $4,614,000 after buying an additional 96,201 shares in the last quarter. Financial & Investment Management Group Ltd. raised its stake in Western Asset Global Corp Defind Opp Fnd by 216.2% during the fourth quarter. Financial & Investment Management Group Ltd. now owns 195,555 shares of the company’s stock valued at $2,929,000 after purchasing an additional 133,718 shares in the last quarter. Rivernorth Capital Management LLC raised its stake in Western Asset Global Corp Defind Opp Fnd by 28.0% during the third quarter. Rivernorth Capital Management LLC now owns 148,770 shares of the company’s stock valued at $2,410,000 after purchasing an additional 32,509 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in Western Asset Global Corp Defind Opp Fnd by 64.9% during the third quarter. Koshinski Asset Management Inc. now owns 86,100 shares of the company’s stock valued at $1,395,000 after purchasing an additional 33,900 shares in the last quarter.

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Western Asset Global Corp Defind Opp Fnd Company Profile (NYSE:GDO)

Western Asset Global Corporate Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund 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.

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