Western Asset High Yield Defined Opportunity Fund Inc. Plans Monthly Dividend of $0.10 (NYSE:HYI)

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, April 23rd will be given a dividend of 0.095 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Thursday, April 23rd.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.2%

Shares of HYI opened at $11.12 on Tuesday. Western Asset High Yield Defined Opportunity Fund has a 52 week low of $10.87 and a 52 week high of $12.18. The stock has a fifty day moving average of $11.14 and a 200-day moving average of $11.42.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.