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) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be given a dividend of 0.095 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset High Yield Defined Opportunity Fund Stock Performance

HYI traded down $0.02 during midday trading on Monday, reaching $11.12. 92,864 shares of the company were exchanged, compared to its average volume of 44,908. Western Asset High Yield Defined Opportunity Fund has a one year low of $10.87 and a one year high of $12.18. The company’s fifty day moving average price is $11.14 and its 200 day moving average price is $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.