KKR Income Opportunities Fund to Issue Monthly Dividend of $0.12 (NYSE:KIO)

KKR Income Opportunities Fund (NYSE:KIO) declared a monthly dividend on Monday, June 23rd, Wall Street Journal reports. Investors of record on Friday, September 12th will be paid a dividend of 0.1215 per share by the investment management company on Tuesday, September 30th. This represents a $1.46 annualized dividend and a yield of 11.83%. The ex-dividend date is Friday, September 12th.

KKR Income Opportunities Fund Stock Performance

Shares of KIO stock opened at $12.32 on Tuesday. KKR Income Opportunities Fund has a 1-year low of $10.69 and a 1-year high of $15.09. The stock’s fifty day moving average price is $11.99 and its 200 day moving average price is $12.44.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KKR Income Opportunities Fund stock. NewEdge Advisors LLC lifted its stake in KKR Income Opportunities Fund (NYSE:KIO) by 9.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,466 shares of the investment management company’s stock after buying an additional 3,844 shares during the quarter. NewEdge Advisors LLC’s holdings in KKR Income Opportunities Fund were worth $559,000 as of its most recent SEC filing.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.