Is the Western Asset Global Corporate Defined Opportunity Fund dividend safe?
At risk
Western Asset Global Corporate Defined Opportunity Fund pays 13.3% a year while carrying heavy debt.
The numbers behind it
Dividend yield13.3%
Paid out of free cash flow51%
Paid out of profit119%
Debt in years of earnings3.9 years
How we decide
We look at how much of its free cash flow a company hands out. Under 60% leaves room, 60% to 90% is tight, and above 90% or heavy debt puts the dividend at risk.
More questions about Western Asset Global Corporate Defined Opportunity Fund
Data as of Nov 13, 2026.