Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get 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.
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.
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