Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) declared a monthly dividend on Friday, February 16th, Wall Street Journal reports. Shareholders of record on Friday, March 23rd will be given a dividend of 0.0265 per share by the closed-end fund on Monday, April 2nd. This represents a $0.32 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Thursday, March 22nd.
Western Asst High Incm Opprtnty Fnd has decreased its dividend by an average of 6.2% annually over the last three years.
Western Asst High Incm Opprtnty Fnd (HIO) traded up $0.03 on Friday, hitting $4.89. 273,531 shares of the company’s stock traded hands, compared to its average volume of 491,516. Western Asst High Incm Opprtnty Fnd has a twelve month low of $4.81 and a twelve month high of $5.25.
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About Western Asst High Incm Opprtnty Fnd
Western Asset High Income Opportunity Fund Inc is a diversified, closed-end management investment company. The Fund seeks high current income. Capital appreciation is a secondary objective. It invests, under normal market conditions, approximately 80% of its net assets in high-yield securities and over 20% in common stock equivalents, including options, warrants and rights.
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