KKR Income Opportunities Fund (KIO) Declares $0.13 Monthly Dividend
KKR Income Opportunities Fund (NYSE:KIO) announced a monthly dividend on Tuesday, October 10th, Wall Street Journal reports. Investors of record on Monday, November 6th will be paid a dividend of 0.125 per share by the investment management company on Thursday, November 30th. This represents a $1.50 annualized dividend and a yield of 8.31%. The ex-dividend date of this dividend is Friday, November 3rd.
KKR Income Opportunities Fund has raised its dividend by an average of 58.7% annually over the last three years.
Shares of KKR Income Opportunities Fund (NYSE KIO) traded down 0.77% during midday trading on Tuesday, reaching $18.06. The company had a trading volume of 107,811 shares. The firm’s 50 day moving average price is $17.61 and its 200-day moving average price is $17.50. KKR Income Opportunities Fund has a 12 month low of $14.63 and a 12 month high of $18.63.
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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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