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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.095 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Tuesday, June 23rd.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of HYI stock opened at $10.72 on Friday. The firm has a fifty day simple moving average of $10.81 and a 200-day simple moving average of $11.04. Western Asset High Yield Defined Opportunity Fund has a twelve month low of $10.44 and a twelve month high of $12.13.

Western Asset High Yield Defined Opportunity Fund Company Profile

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.