Reminder - Western Asset Investment Grade Defined Opportunity Trust (IGI) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 9/17/14, Western Asset Investment Grade Defined Opportunity Trust (IGI) will trade ex-dividend, for its monthly dividend of $0.10, payable on 9/26/14. As a percentage of IGI's recent stock price of $20.41, this dividend works out to approximately 0.49%.

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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 5.88% 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 $22.24 as the 52 week high point — that compares with a last trade of $20.41.

In Monday trading, Western Asset Investment Grade Defined Opportunity Trust shares are currently up about 0.4% on the day.

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