KKR Income Opportunities Fund Declares Monthly Dividend of $0.13 (KIO)
KKR Income Opportunities Fund (NYSE:KIO) announced a monthly dividend on Tuesday, October 10th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.125 per share by the investment management company on Wednesday, January 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date of this dividend is Thursday, January 11th.
KKR Income Opportunities Fund has increased its dividend by an average of 58.7% annually over the last three years.
KKR Income Opportunities Fund (KIO) traded down 0.77% during midday trading on Tuesday, hitting $18.06. 107,811 shares of the stock were exchanged. KKR Income Opportunities Fund has a 1-year low of $14.63 and a 1-year high of $18.63. The company’s 50 day moving average is $17.61 and its 200-day moving average is $17.50.
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About KKR Income Opportunities Fund
KKR Income Opportunities Fund (the Fund) is a closed-end management investment company. The Fund’s investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by employing a dynamic strategy of investing in a targeted portfolio of loans and fixed-income instruments of the United States and the non-United States issuers, and implementing hedging strategies in order to seek to achieve attractive risk-adjusted returns.
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