KKR Income Opportunities Fund (NYSE:KIO) declared a monthly dividend on Thursday, December 21st, Wall Street Journal reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.125 per share by the investment management company on Thursday, March 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date of this dividend is Thursday, March 8th.
KKR Income Opportunities Fund has increased its dividend by an average of 58.7% per year over the last three years.
Shares of KKR Income Opportunities Fund (NYSE KIO) traded down $0.04 during trading hours on Thursday, hitting $15.72. The stock had a trading volume of 129,443 shares, compared to its average volume of 93,389. KKR Income Opportunities Fund has a one year low of $15.59 and a one year high of $18.63.
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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