Western Asset High Yield Dfnd Opp FI (HYI) to Issue $0.09 Monthly Dividend
Western Asset High Yield Dfnd Opp FI (NYSE:HYI) declared a monthly dividend on Tuesday, November 13th, Wall Street Journal reports. Stockholders of record on Friday, December 21st will be paid a dividend of 0.0885 per share on Monday, December 31st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date of this dividend is Thursday, December 20th.
Western Asset High Yield Dfnd Opp FI has decreased its dividend payment by an average of 5.0% annually over the last three years.
Shares of NYSE HYI traded down $0.06 during mid-day trading on Tuesday, reaching $13.97. 58,516 shares of the company traded hands, compared to its average volume of 61,615. Western Asset High Yield Dfnd Opp FI has a fifty-two week low of $13.86 and a fifty-two week high of $15.36.
Western Asset High Yield Dfnd Opp FI Company Profile
Western Asset High Yield Defined Opportunity Fund, Inc is a non-diversified, limited-term, closed-end management investment fund. It provides a non-leveraged high-yield corporate fixed income portfolio with a limited term structure. It seeks high income, with a capital appreciation as a secondary objective.
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