Western Asset High Income Opportunity Fund Inc. to Issue Monthly Dividend of $0.04 (NYSE:HIO)

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.0355 per share by the closed-end fund on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Monday, August 24th.

Western Asset High Income Opportunity Fund Trading Up 0.1%

Shares of HIO traded up $0.01 during mid-day trading on Thursday, reaching $3.63. 163,531 shares of the company’s stock were exchanged, compared to its average volume of 383,654. The company has a 50-day simple moving average of $3.67 and a two-hundred day simple moving average of $3.73. Western Asset High Income Opportunity Fund has a 52-week low of $3.52 and a 52-week high of $4.05.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in shares of Western Asset High Income Opportunity Fund by 84.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after purchasing an additional 5,000 shares in the last quarter. Laurel Oak Wealth Management LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth approximately $40,000. One Capital Management LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth approximately $43,000. Geneos Wealth Management Inc. increased its stake in shares of Western Asset High Income Opportunity Fund by 807.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 10,429 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter worth approximately $47,000.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.