Cash Dividend On The Way From Western Asset Investment Grade Defined Opportunity Trust (IGI)

Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, Western Asset Investment Grade Defined Opportunity Trust ( IGI) will trade ex-dividend, for its monthly dividend of $0.10, payable on 10/25/13. As a percentage of IGI's recent stock price of $19.45, this dividend works out to approximately 0.51%, so look for shares of Western Asset Investment Grade Defined Opportunity Trust to trade 0.51% lower — all else being equal — when IGI shares open for trading on 10/16/13.

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Below is a dividend history chart for IGI, showing historical dividends prior to the most recent $0.10 declared by Western Asset Investment Grade Defined Opportunity Trust:

IGI+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from IGI is likely to continue, and whether the current estimated yield of 6.17% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of IGI shares, versus its 200 day moving average:

Western Asset Investment Grade Defined Opportunity Trust 200 Day Moving Average Chart

Looking at the chart above, IGI's low point in its 52 week range is $18.53 per share, with $24.23 as the 52 week high point — that compares with a last trade of $19.45.
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In Monday trading, Western Asset Investment Grade Defined Opportunity Trust shares are currently down about 0.3% on the day.

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