Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.65%. The ex-dividend date of this dividend is Thursday, May 22nd.
Western Asset High Income Opportunity Fund has raised its dividend by an average of 11.8% per year over the last three years.
Western Asset High Income Opportunity Fund Trading Down 0.7 %
Shares of HIO stock opened at $4.00 on Friday. The business’s 50 day moving average is $3.96 and its two-hundred day moving average is $3.97. Western Asset High Income Opportunity Fund has a twelve month low of $3.69 and a twelve 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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