Western Asset Global Corporate Defined Opportunity Fund Inc.
GDOFinancial Services · Stock · monthly payer
Forward Yield
13.93%
Annual Dividend
$1.46
Payout Ratio
121%
5-Yr Growth
3.9%
Ex-Date
Jul 24, 2026
Frequency
Monthly
Summary
As of July 2026, Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) yields 13.93% ($1.46 per share annually), with a blended fair-value estimate of $20.89 — +99% upside, so it screens as undervalued. Dividend safety grade: C (58/100). 3 years of dividend growth.
Is GDO a good dividend stock?
Yes, with caveatsWestern Asset Global Corporate Defined Opportunity Fund Inc. (GDO) pays a monthly dividend yielding 13.93% ($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
- 13.93%
- Payout Ratio
- 121%
- Annual Dividend
- $1.46
- 5-Yr Avg Growth
- 3.9%
- Ex-Dividend Date
- Jul 24, 2026
- Years of Growth
- 3
- Frequency
- monthly
- Beta
- —
- Market Cap
- $79.0M
- P/E Ratio
- 8.7
- 5-Yr Total Return
- -42%
- 52-Week Range
- $10.49 – $12.15
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
GDO Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
-14%
5 Years
-42%
52-Week Range
$10.49 – $12.15
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GDO worth?
Undervaluedlow confidenceOur blended fair-value estimate for Western Asset Global Corporate Defined Opportunity Fund Inc. is $20.89 per share, versus a market price of $10.51. That implies 99% of upside — a margin of safety of about 50%.
Fair Value
$20.89
Current Price
$10.51
Upside
+99%
Margin of Safety
50%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 3.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 3.9% stage-1 growth, 2.5% terminal growth, $1.21 EPS, $1.46 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GDO Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.1220 | regular |
| May 21, 2026 | — | $0.1220 | regular |
| Apr 23, 2026 | — | $0.1220 | regular |
| Mar 24, 2026 | — | $0.1220 | regular |
| Feb 20, 2026 | — | $0.1220 | regular |
| Jan 23, 2026 | — | $0.1220 | regular |
| Dec 23, 2025 | — | $0.1220 | regular |
| Nov 20, 2025 | — | $0.1220 | regular |
| Oct 24, 2025 | — | $0.1220 | regular |
| Sep 23, 2025 | — | $0.1220 | regular |
| Aug 22, 2025 | — | $0.1220 | regular |
| Jul 24, 2025 | — | $0.1220 | regular |
| Jun 23, 2025 | — | $0.1220 | regular |
| May 22, 2025 | — | $0.1220 | regular |
Income Calculator
At $1.46 / yr per share
