Western Asset Global Corporate Defined Opportunity Fund Stock Forecast, Price & News

Wall Street analysts have given Western Asset Global Corporate Defined Opportunity Fund a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Western Asset Global Corporate Defined Opportunity Fund wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Western Asset Global Corporate Defined Opportunity Fund saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 4,200 shares, a decrease of 38.2% from the March 15th total of 6,800 shares. Based on an average trading volume of 38,100 shares, the days-to-cover ratio is presently 0.1 days.
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Western Asset Global Corporate Defined Opportunity Fund's stock was trading at $16.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GDO stock has increased by 6.5% and is now trading at $17.94.
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Western Asset Global Corporate Defined Opportunity Fund announced a monthly dividend on Friday, February 19th. Shareholders of record on Friday, May 21st will be paid a dividend of $0.101 per share on Tuesday, June 1st. This represents a $1.21 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend is Thursday, May 20th.
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Western Asset Global Corporate Defined Opportunity Fund pays an annual dividend of $1.21 per share and currently has a dividend yield of 0.08%.
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Some companies that are related to Western Asset Global Corporate Defined Opportunity Fund include Aberdeen Global Dynamic Dividend Fund (AGD), Aberdeen Income Credit Strategies Fund (ACP), Aberdeen International (AABVF), Aberdeen Total Dynamic Dividend Fund (AOD), AllianceBernstein National Municipal Income Fund (AFB), AllianzGI Convertible & Income 2024 Target Term Fund (CBH), Apollo Tactical Income Fund (AIF), Ares Dynamic Credit Allocation Fund (ARDC), BlackRock 2022 Global Income Opportunity Trust (BGIO), BlackRock Corporate High Yield Fund (HYT), BlackRock Credit Allocation Income Trust (BTZ), BlackRock Floating Rate Income Strategies Fund (FRA), BlackRock Floating Rate Income Trust (BGT), BlackRock Limited Duration Income Trust (BLW) and BlackRock Muni Intermediate Duration Fund (MUI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Western Asset Global Corporate Defined Opportunity Fund investors own include AbbVie (ABBV), Main Street Capital (MAIN), Standex International (SXI), Verizon Communications (VZ), Altria Group (MO), ONEOK (OKE), Pfizer (PFE), AT&T (T), Weyerhaeuser (WY) and Brookfield Property Partners (BPY).

Western Asset Global Corporate Defined Opportunity Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "GDO."

Western Asset Global Corporate Defined Opportunity Fund's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Clear Harbor Asset Management LLC (0.00%) and FNY Investment Advisers LLC (0.00%).
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GDO stock was sold by a variety of institutional investors in the last quarter, including Clear Harbor Asset Management LLC.
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GDO stock was acquired by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC.
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Shares of GDO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GDO stock can currently be purchased for approximately $17.94.

The official website for Western Asset Global Corporate Defined Opportunity Fund is individualinvestor.myleggmason.com.

Western Asset Global Corporate Defined Opportunity Fund is headquartered at 620 8th Ave Fl 49, NEW YORK, NY 10018-1427, United States.

Western Asset Global Corporate Defined Opportunity Fund's mailing address is 620 8th Ave Fl 49, NEW YORK, NY 10018-1427, United States. The company can be reached via phone at 212-805-6016.