Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Raises Dividend to $0.04 Per Share

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a dividend on Thursday, January 23rd,investing.com reports. Investors of record on Monday, January 27th will be given a dividend of 0.0355 per share by the closed-end fund on Monday, February 3rd. This represents a yield of 10.81%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase from Western Asset High Income Opportunity Fund’s previous dividend of $0.03.

Western Asset High Income Opportunity Fund has raised its dividend by an average of 12.7% annually over the last three years.

Western Asset High Income Opportunity Fund Trading Down 0.1 %

NYSE:HIO traded down $0.01 during midday trading on Thursday, reaching $3.94. 506,599 shares of the company traded hands, compared to its average volume of 533,693. Western Asset High Income Opportunity Fund has a twelve month low of $3.69 and a twelve month high of $4.07. The company has a fifty day moving average price of $3.95 and a 200 day moving average price of $3.95.

Western Asset High Income Opportunity Fund Company Profile

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.