KKR Income Opportunities Fund to Issue Monthly Dividend of $0.11 (NYSE:KIO)

KKR Income Opportunities Fund (NYSE:KIOGet Rating) declared a monthly dividend on Thursday, April 28th, Wall Street Journal reports. Investors of record on Friday, June 10th will be given a dividend of 0.105 per share by the investment management company on Thursday, June 30th. This represents a $1.26 dividend on an annualized basis and a yield of 9.15%. The ex-dividend date of this dividend is Thursday, June 9th.

KKR Income Opportunities Fund has raised its dividend by an average of 3.9% per year over the last three years.

KIO stock opened at $13.77 on Friday. The business has a 50-day simple moving average of $14.37 and a 200 day simple moving average of $15.59. KKR Income Opportunities Fund has a 52 week low of $13.60 and a 52 week high of $17.05.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley raised its stake in KKR Income Opportunities Fund by 6.5% during the second quarter. Morgan Stanley now owns 807,958 shares of the investment management company’s stock worth $13,477,000 after acquiring an additional 49,435 shares in the last quarter. Invesco Ltd. boosted its holdings in KKR Income Opportunities Fund by 48.3% in the fourth quarter. Invesco Ltd. now owns 153,593 shares of the investment management company’s stock valued at $2,599,000 after acquiring an additional 50,046 shares during the last quarter. LPL Financial LLC boosted its holdings in KKR Income Opportunities Fund by 11.6% in the fourth quarter. LPL Financial LLC now owns 145,533 shares of the investment management company’s stock valued at $2,462,000 after acquiring an additional 15,134 shares during the last quarter. Bank of America Corp DE boosted its holdings in KKR Income Opportunities Fund by 4.9% in the fourth quarter. Bank of America Corp DE now owns 75,242 shares of the investment management company’s stock valued at $1,273,000 after acquiring an additional 3,539 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in KKR Income Opportunities Fund during the fourth quarter worth $675,000.

KKR Income Opportunities Fund Company Profile (Get Rating)

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.

See Also

Dividend History for KKR Income Opportunities Fund (NYSE:KIO)

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