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

KKR Income Opportunities Fund (NYSE:KIO – Get Rating) declared a monthly dividend on Friday, April 29th, Wall Street Journal reports. Shareholders of record on Friday, July 15th will be paid a dividend of 0.105 per share by the investment management company on Friday, July 29th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date of this dividend is Thursday, July 14th.

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

Shares of KKR Income Opportunities Fund stock opened at $13.58 on Friday. The firm has a 50-day simple moving average of $14.34 and a two-hundred day simple moving average of $15.57. KKR Income Opportunities Fund has a fifty-two week low of $13.57 and a fifty-two week high of $17.05.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KIO. Invesco Ltd. raised its position in shares of KKR Income Opportunities Fund by 48.3% during the 4th quarter. Invesco Ltd. now owns 153,593 shares of the investment management company’s stock worth $2,599,000 after purchasing an additional 50,046 shares during the last quarter. Morgan Stanley raised its position in shares of KKR Income Opportunities Fund by 6.5% during the 2nd quarter. Morgan Stanley now owns 807,958 shares of the investment management company’s stock worth $13,477,000 after purchasing an additional 49,435 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of KKR Income Opportunities Fund during the 4th quarter worth about $675,000. LPL Financial LLC raised its position in shares of KKR Income Opportunities Fund by 11.6% during the 4th quarter. LPL Financial LLC now owns 145,533 shares of the investment management company’s stock worth $2,462,000 after purchasing an additional 15,134 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of KKR Income Opportunities Fund by 4.9% during the 4th quarter. Bank of America Corp DE now owns 75,242 shares of the investment management company’s stock worth $1,273,000 after purchasing an additional 3,539 shares during the last quarter.

About KKR Income Opportunities Fund (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.

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