Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) Increases Dividend to $0.03 Per Share

Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, August 23rd will be given a dividend of 0.0295 per share by the closed-end fund on Tuesday, September 3rd. This represents a $0.35 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend is Thursday, August 22nd. This is a positive change from Western Asst High Incm Opprtnty Fnd’s previous monthly dividend of $0.03.

Western Asst High Incm Opprtnty Fnd has decreased its dividend payment by an average of 9.1% annually over the last three years.

Shares of Western Asst High Incm Opprtnty Fnd stock opened at $5.06 on Wednesday. The business’s 50 day simple moving average is $5.07 and its 200-day simple moving average is $4.95. Western Asst High Incm Opprtnty Fnd has a twelve month low of $4.14 and a twelve month high of $5.17.

In related news, major shareholder Saba Capital Management, L.P. purchased 114,886 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were acquired at an average cost of $4.88 per share, for a total transaction of $560,643.68. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought a total of 860,309 shares of company stock worth $4,282,863 over the last quarter.

Western Asst High Incm Opprtnty Fnd Company Profile

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.

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Dividend History for Western Asst High Incm Opprtnty Fnd (NYSE:HIO)

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