Western Asset High Income Opportunity Fund Inc. Announces Monthly Dividend of $0.04 (NYSE:HIO)

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors 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 yield of 10.56%. The ex-dividend date of this dividend is Thursday, May 22nd.

Western Asset High Income Opportunity Fund has increased its dividend by an average of 11.8% annually over the last three years.

Western Asset High Income Opportunity Fund Stock Down 0.1 %

Shares of HIO stock traded down $0.01 on Thursday, hitting $4.04. 199,531 shares of the stock were exchanged, compared to its average volume of 452,427. Western Asset High Income Opportunity Fund has a fifty-two week low of $3.69 and a fifty-two week high of $4.07. The business has a 50-day moving average of $3.96 and a 200 day moving average of $3.96.

Western Asset High Income Opportunity Fund Company Profile

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.