Western Asst High Incm Opprtnty Fnd Inc. Plans Monthly Dividend of $0.03 (HIO)
Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Shareholders of record on Friday, December 22nd will be paid a dividend of 0.0275 per share by the closed-end fund on Friday, December 29th. This represents a $0.33 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Thursday, December 21st.
Western Asst High Incm Opprtnty Fnd has decreased its dividend by an average of 3.4% per year over the last three years.
Shares of Western Asst High Incm Opprtnty Fnd (HIO) traded down $0.02 during mid-day trading on Tuesday, reaching $4.96. 476,500 shares of the company’s stock were exchanged, compared to its average volume of 366,242. Western Asst High Incm Opprtnty Fnd has a one year low of $4.68 and a one year high of $5.25.
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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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