KKR Income Opportunities Fund to Issue Monthly Dividend of $0.12 (NYSE:KIO)

KKR Income Opportunities Fund (NYSE:KIO) announced a monthly dividend on Tuesday, March 10th. Investors of record on Friday, April 10th will be given a dividend of 0.1215 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date is Friday, April 10th.

KKR Income Opportunities Fund Price Performance

NYSE KIO traded down $0.06 during trading hours on Wednesday, reaching $11.13. The company’s stock had a trading volume of 221,348 shares, compared to its average volume of 291,782. The company’s 50-day moving average is $11.58 and its two-hundred day moving average is $11.89. KKR Income Opportunities Fund has a fifty-two week low of $10.69 and a fifty-two week high of $12.83.

Insider Activity at KKR Income Opportunities Fund

In other news, CFO Justin Takao sold 6,410 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $11.70, for a total value of $74,997.00. Following the sale, the chief financial officer directly owned 46 shares in the company, valued at $538.20. This represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in KKR Income Opportunities Fund by 59.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after buying an additional 1,103 shares in the last quarter. Blue Trust Inc. lifted its position in shares of KKR Income Opportunities Fund by 10,475.0% in the fourth quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock valued at $74,000 after acquiring an additional 6,285 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of KKR Income Opportunities Fund by 52.7% during the third quarter. AdvisorNet Financial Inc now owns 5,962 shares of the investment management company’s stock valued at $75,000 after acquiring an additional 2,057 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of KKR Income Opportunities Fund during the fourth quarter valued at $88,000. Finally, Anfield Capital Management LLC purchased a new stake in KKR Income Opportunities Fund during the 3rd quarter worth about $100,000.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund (NYSE: KIO) is a diversified, closed-end management investment company that seeks to provide attractive current income and capital appreciation by investing primarily in corporate credit instruments. Managed by KKR Income Opportunities Advisors, LLC, the fund leverages the global credit platform of KKR & Co Inc, deploying capital across a broad spectrum of debt securities—including broadly syndicated loans, high-yield bonds, convertible bonds, private credit, and other credit-related instruments.

Since its initial public offering in June 2018, the fund has pursued a flexible, research-driven strategy designed to capture opportunities across credit markets.