Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, Western Asset Global Corporate Defined Opportunity Fund ( GDO) will trade ex-dividend, for its monthly dividend of $0.115, payable on 10/25/13. As a percentage of GDO's recent stock price of $17.72, this dividend works out to approximately 0.65%, so look for shares of Western Asset Global Corporate Defined Opportunity Fund to trade 0.65% lower — all else being equal — when GDO shares open for trading on 10/16/13.Below is a dividend history chart for GDO, showing historical dividends prior to the most recent $0.115 declared by Western Asset Global Corporate Defined Opportunity Fund: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GDO is likely to continue, and whether the current estimated yield of 7.79% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GDO shares, versus its 200 day moving average: Looking at the chart above, GDO's low point in its 52 week range is $16.97 per share, with $21.20 as the 52 week high point — that compares with a last trade of $17.75.
Earn a FREE $100 Membership to ValueForum, Just By Telling Us About Your Favorite Stock! (Offer ends 11/10/2013)
In Monday trading, Western Asset Global Corporate Defined Opportunity Fund shares are currently off about 0.7% on the day.