Highland Funds I – Highland Opportunities and Income Fund (HFRO) to Issue Monthly Dividend of $0.04 on February 28th

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, February 21st will be paid a dividend of 0.0385 per share on Friday, February 28th. This represents a $0.46 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date of this dividend is Friday, February 21st.

Highland Funds I – Highland Opportunities and Income Fund has decreased its dividend payment by an average of 20.6% annually over the last three years.

Highland Funds I – Highland Opportunities and Income Fund Trading Up 0.6 %

Shares of HFRO opened at $5.80 on Wednesday. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $5.11 and a 52 week high of $7.05. The firm’s 50-day simple moving average is $5.55 and its 200 day simple moving average is $5.78.

About Highland Funds I – Highland Opportunities and Income Fund

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.