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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) 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 0.095 per share on Monday, June 2nd. This represents a $1.14 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date is Thursday, May 22nd.

Western Asset High Yield Defined Opportunity Fund Trading Up 0.3 %

Shares of Western Asset High Yield Defined Opportunity Fund stock opened at $12.21 on Friday. The stock has a 50 day moving average price of $12.01 and a 200-day moving average price of $12.10. Western Asset High Yield Defined Opportunity Fund has a one year low of $11.38 and a one year high of $12.44.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.