Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Declares $0.10 Monthly Dividend

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.095 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date is Wednesday, September 23rd.

Western Asset High Yield Defined Opportunity Fund Price Performance

Western Asset High Yield Defined Opportunity Fund stock opened at $10.53 on Thursday. Western Asset High Yield Defined Opportunity Fund has a 1-year low of $10.35 and a 1-year high of $12.13. The company’s 50-day moving average is $10.56 and its 200 day moving average is $10.79.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.