| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
GDO Stock Overview
Western Asset Global Corporate Defined Opportunity Fund Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.98 |
| 52 Week High | US$18.72 |
| 52 Week Low | US$16.86 |
| Beta | 0 |
| 1 Month Change | -2.69% |
| 3 Month Change | -7.62% |
| 1 Year Change | -4.71% |
| 3 Year Change | 9.06% |
| 5 Year Change | -0.35% |
| Change since IPO | -15.23% |
Recent News & Updates
Western Asset Global Corp Defined Opportunity Fund declares $0.101 dividend
Western Asset Global Corp Defined Opportunity Fund (GDO) declares $0.101/share monthly dividend, in line with previous.Forward yield 6.97%Payable Dec. 31; for shareholders of record Dec. 23; ex-div Dec. 22.Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.Payable Mar. 1; for shareholders of record Feb. 19; ex-div Feb. 18.See GDO Dividend Scorecard, Yield Chart, & Dividend Growth.
GDO: An Attractive Quality Income Option
With strong capital gains over the past six months, income investors are looking to take some chips off the table. This exercise to strengthen portfolios is a response to both less attractive valuations as well as a desire to build up a store of dry powder in order to take advantage of any volatility over the coming months. In this article we take a look at the Western Asset Global Corporate Defined Opportunity Fund (GDO)
Shareholder Returns
| GDO | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0.06% | -1.6% | -0.5% |
| 1Y | -4.7% | 30.2% | 13.7% |
Return vs Industry: GDO underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: GDO underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| GDO volatility | |
|---|---|
| GDO Average Weekly Movement | 1.2% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: GDO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: GDO's weekly volatility (1%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | n/a | Ken Fuller | https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=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.
Western Asset Global Defined Opportunity Fund Fundamentals Summary
| GDO fundamental statistics | |
|---|---|
| Market Cap | US$255.45m |
| Earnings (TTM) | US$0 |
| Revenue (TTM) | n/a |
n/a
P/E Ration/a
P/S RatioIs GDO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GDO income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Expenses | US$0 |
| Earnings | US$0 |
Last Reported Earnings
n/a
Next Earnings Date
n/a
| Earnings per share (EPS) | 0 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 0.0% |
How did GDO perform over the long term?
See historical performance and comparisonValuation
Is Western Asset Global Defined Opportunity Fund undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Western Asset Global Defined Opportunity Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Western Asset Global Defined Opportunity Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
Future Growth
How is Western Asset Global Defined Opportunity Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
3.7%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Western Asset Global Defined Opportunity Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Western Asset Global Defined Opportunity Fund performed over the past 5 years?
19.5%
Historical Diversified Financials annual earnings growth
In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Western Asset Global Defined Opportunity Fund has not provided sufficient past data to assess its track record.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.
Financial Health
How is Western Asset Global Defined Opportunity Fund's financial position?
In this section we usually analyse Western Asset Global Defined Opportunity Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Western Asset Global Defined Opportunity Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.
Dividend
What is Western Asset Global Defined Opportunity Fund current dividend yield, its reliability and sustainability?
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GDO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GDO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GDO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GDO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GDO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Management
How experienced are the management team and are they aligned to shareholders interests?
13.0yrs
Average board tenure
CEO
Ken Fuller (63 yo)
8.58yrs
Tenure
Mr. Kenneth Donald Fuller, also known as Ken, has been Chief Executive Officer and President of Western Asset High Income Opportunity Fund Inc. and LMP Corporate Loan Fund Inc. since June 1, 2013. He serve...
Board Members
Experienced Board: GDO's board of directors are seasoned and experienced ( 13 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Western Asset Global Corporate Defined Opportunity Fund Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Western Asset Global Corporate Defined Opportunity Fund Inc.
- Ticker: GDO
- Exchange: NYSE
- Founded: 2009
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$255.447m
- Shares outstanding: 14.94m
- Website: https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=GDO
Location
- Western Asset Global Corporate Defined Opportunity Fund Inc.
- 620 Eighth Avenue
- 49th Floor
- New York
- New York
- 10018
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:11 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | N/A |
| Annual Earnings | N/A |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.