Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be paid a dividend of 0.0355 per share by the closed-end fund on Monday, June 2nd. This represents a $0.43 annualized dividend and a yield of 10.65%. The ex-dividend date is Thursday, May 22nd.
Western Asset High Income Opportunity Fund has increased its dividend payment by an average of 11.8% annually over the last three years.
Western Asset High Income Opportunity Fund Stock Performance
Shares of HIO stock opened at $4.00 on Friday. The firm has a 50 day moving average price of $3.96 and a two-hundred day moving average price of $3.97. Western Asset High Income Opportunity Fund has a 12-month low of $3.69 and a 12-month high of $4.07.
About Western Asset High Income Opportunity Fund
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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