Western Asst High Incm Opprtnty Fnd Inc. Announces Monthly Dividend of $0.03 (HIO)
Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) announced a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Friday, January 19th will be given a dividend of 0.0275 per share by the closed-end fund on Thursday, February 1st. This represents a $0.33 annualized dividend and a yield of 6.65%. The ex-dividend date of this dividend is Thursday, January 18th.
Western Asst High Incm Opprtnty Fnd has decreased its dividend by an average of 3.4% per year over the last three years.
Western Asst High Incm Opprtnty Fnd (NYSE:HIO) traded down $0.02 during mid-day trading on Tuesday, reaching $4.96. 476,500 shares of the company traded hands, compared to its average volume of 366,242. Western Asst High Incm Opprtnty Fnd has a 52 week low of $4.68 and a 52 week high of $5.25.
Western Asset High Income Opportunity Fund Inc is a diversified, closed-end management investment company. The Fund seeks high current income. Capital appreciation is a secondary objective. It invests, under normal market conditions, approximately 80% of its net assets in high-yield securities and over 20% in common stock equivalents, including options, warrants and rights.
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