Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Announces Monthly Dividend of $0.03

Western Asset High Income Opportunity Fund Inc. (NYSE:HIOGet Rating) announced a monthly dividend on Wednesday, May 18th, Wall Street Journal reports. Shareholders of record on Thursday, June 23rd will be paid a dividend of 0.03 per share by the closed-end fund on Friday, July 1st. This represents a $0.36 annualized dividend and a yield of 8.82%. The ex-dividend date is Wednesday, June 22nd.

Western Asset High Income Opportunity Fund has increased its dividend payment by an average of 4.2% annually over the last three years.

NYSE HIO traded down $0.02 during midday trading on Wednesday, hitting $4.08. 151,535 shares of the company traded hands, compared to its average volume of 297,806. The company’s 50-day simple moving average is $4.35 and its 200-day simple moving average is $4.74. Western Asset High Income Opportunity Fund has a 52 week low of $4.02 and a 52 week high of $5.43.

Institutional investors have recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter worth $60,000. Eudaimonia Partners LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the 1st quarter worth $52,000. Autumn Glory Partners LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter worth $69,000. Cetera Advisor Networks LLC boosted its position in shares of Western Asset High Income Opportunity Fund by 29.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 15,813 shares of the closed-end fund’s stock worth $71,000 after purchasing an additional 3,640 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth $174,000.

Western Asset High Income Opportunity Fund Company Profile (Get Rating)

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.

Read More

Dividend History for Western Asset High Income Opportunity Fund (NYSE:HIO)

Receive News & Ratings for Western Asset High Income Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset High Income Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.