Western Asset High Yield Dfnd Opp FI (NYSE:HYI)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.82 and last traded at $13.88, with a volume of 22684 shares. The stock had previously closed at $13.94.
The business also recently disclosed a monthly dividend, which will be paid on Friday, February 1st. Stockholders of record on Friday, January 18th will be given a dividend of $0.0885 per share. The ex-dividend date of this dividend is Thursday, January 17th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.72%.
Institutional investors and hedge funds have recently modified their holdings of the company. BB&T Securities LLC bought a new position in shares of Western Asset High Yield Dfnd Opp FI during the second quarter worth about $152,000. Doliver Capital Advisors LP grew its stake in Western Asset High Yield Dfnd Opp FI by 134.5% during the third quarter. Doliver Capital Advisors LP now owns 25,081 shares of the company’s stock worth $365,000 after purchasing an additional 14,387 shares during the period. Shaker Financial Services LLC acquired a new stake in Western Asset High Yield Dfnd Opp FI during the second quarter worth approximately $369,000. Millennium Management LLC acquired a new stake in Western Asset High Yield Dfnd Opp FI during the first quarter worth approximately $952,000. Finally, Raymond James & Associates grew its stake in Western Asset High Yield Dfnd Opp FI by 56.9% during the second quarter. Raymond James & Associates now owns 102,167 shares of the company’s stock worth $1,491,000 after purchasing an additional 37,071 shares during the period.
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Western Asset High Yield Dfnd Opp FI Company Profile (NYSE:HYI)
Western Asset High Yield Defined Opportunity Fund, Inc is a non-diversified, limited-term, closed-end management investment fund. It provides a non-leveraged high-yield corporate fixed income portfolio with a limited term structure. It seeks high income, with a capital appreciation as a secondary objective.
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