SmarterDividends
GDO

Western Asset Global Corporate Defined Opportunity Fund Inc.

GDO

Financial Services · Asset Management · Stock · monthly payer

$9.58

Undervalued · +121% Add to Portfolio

Forward Yield

15.29%

Annual Dividend

$1.46

Payout Ratio

121%

5-Yr Growth

3.9%

Ex-Date

Nov 20, 2026

Frequency

Monthly

Key facts about GDO's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) has a forward dividend yield of 15.29%, based on an annual dividend of $1.46 per share and a share price of $9.58.
  • As of Oct 27, 2026, GDO's dividend safety grade from SmarterDividends is C (61 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) has raised its dividend for 3 consecutive years as of Oct 27, 2026.
  • GDO last cut its regular dividend in 2018.
  • GDO's next ex-dividend date is Nov 20, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, GDO pays out 121% of its trailing 12-month earnings as dividends (its payout ratio).
  • GDO's dividend has grown at an average rate of 3.9% a year over the past five years.
  • As of Oct 27, 2026, GDO's 15.29% yield is 56% above its five-year average yield of 9.80%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for GDO is $21.12 per share, 121% above the $9.58 share price, so GDO screens as undervalued.
  • Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) pays its dividend monthly, 12 times a year.
  • Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) has raised its regular dividend 3 times and cut it 7 times across the 202 payments on record since 2010. Its most recent change was a 19.6% increase to $0.122 per share, going ex-dividend on Jun 21, 2024. The last cut went ex-dividend on Jun 21, 2018.
Cite this page

SmarterDividends, "GDO Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/GDO

Summary

As of Oct 27, 2026, Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) yields 15.29% ($1.46 a year per share), has a dividend safety grade of C (61/100) and has 3 consecutive years of dividend increases on record.

Is GDO a good dividend stock?

Yes, with caveats

Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) pays a monthly dividend yielding 15.29% ($1.46/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2018
    • Elevated payout ratio (121%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    15.29%
    Payout Ratio
    121%
    Annual Dividend
    $1.46
    5-Yr Avg Growth
    3.9%
    Ex-Dividend Date
    Nov 20, 2026
    Years of Growth
    3
    Frequency
    monthly
    Beta
    —
    Market Cap
    $72.0M
    P/E Ratio
    7.8
    5-Yr Total Return
    -43%
    52-Week Range
    $9.33 – $11.93
    Dividend Safety
    C · 61/100
    Ever Cut?
    Yes (2018)

    GDO dividend raises and cuts

    Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) has raised its regular dividend 3 times and cut it 7 times across the 202 payments on record since 2010. Its most recent change was a 19.6% increase to $0.122 per share, going ex-dividend on Jun 21, 2024. The last cut went ex-dividend on Jun 21, 2018.

    Ex-dateChangeOld → newMove
    Jun 21, 2024Raise$0.102 → $0.122+19.6%
    Sep 21, 2023Raise$0.101 → $0.102+1.0%
    Jun 21, 2018Cut$0.109 → $0.101−7.3%
    Mar 22, 2018Cut$0.114 → $0.109−4.4%
    Sep 17, 2014Cut$0.116 → $0.114−1.7%
    Dec 18, 2013Raise$0.115 → $0.116+0.9%
    Jun 19, 2013Cut$0.120 → $0.115−4.2%
    Dec 12, 2012Cut$0.125 → $0.120−4.0%
    Sep 19, 2012Cut$0.128 → $0.125−2.3%
    Sep 21, 2011Cut$0.130 → $0.128−1.5%
    Every GDO payment →Download every raise and cut (CSV)
    GDO ex-dividend date & scheduleNext ex-date Nov 20, 2026 · full ex-dividend historyView →GDO dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is GDO a good dividend stock?

    Yes, with caveats. Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) pays a monthly dividend yielding 15.29% ($1.46/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is GDO undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GDO's fair value is about $21.12 versus a $9.58 share price — so it looks undervalued (+121% vs. fair value).

    Is GDO's dividend safe?

    GDO has a dividend-safety grade of C (61/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2018, debt and yield-versus-history.

    What is GDO's fair value?

    Our blended fair-value estimate for GDO is about $21.12 per share, roughly 121% above the current $9.58 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is GDO a buy, hold, or sell?

    We don't issue formal ratings, but on the data GDO screens as "yes, with caveats" and undervalued. Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) pays a monthly dividend yielding 15.29% ($1.46/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will GDO cut its dividend?

    GDO earns a dividend-safety grade of C (61/100), and has cut its dividend before (last in 2018). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does GDO pay a dividend?

    Yes. Western Asset Global Corporate Defined Opportunity Fund Inc. pays a monthly dividend of about $1.46 per share annually, a forward yield of roughly 15.29%.

    What is GDO's dividend yield?

    As of Oct 27, 2026, GDO's forward dividend yield is 15.29%, based on a $1.46 annual dividend and a $9.58 share price.

    What is GDO's dividend per share?

    As of Oct 27, 2026, GDO pays $1.46 per share per year, distributed on a monthly basis.

    What is GDO's dividend payout ratio?

    As of Oct 27, 2026, GDO's payout ratio is 121% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has GDO grown its dividend?

    As of Oct 27, 2026, GDO has increased its dividend for 3 consecutive years.

    When is the next GDO ex-dividend date?

    As of Oct 27, 2026, the next ex-dividend date on record for GDO is Nov 20, 2026.

    Income Calculator

    At $1.46 / yr per share

    Per payment (monthly)$12.17
    Annual$146.00
    Monthly avg$12.17

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