Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) announced a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Friday, June 21st will be given a dividend of 0.0295 per share by the closed-end fund on Monday, July 1st. This represents a $0.35 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date is Thursday, June 20th.
Western Asst High Incm Opprtnty Fnd has decreased its dividend by an average of 9.1% annually over the last three years.
Western Asst High Incm Opprtnty Fnd stock traded up $0.01 during trading hours on Friday, hitting $5.00. 113,500 shares of the company traded hands, compared to its average volume of 280,194. Western Asst High Incm Opprtnty Fnd has a 1-year low of $4.14 and a 1-year high of $5.07.
In other Western Asst High Incm Opprtnty Fnd news, major shareholder Saba Capital Management, L.P. acquired 74,951 shares of the stock in a transaction dated Thursday, April 4th. The shares were bought at an average price of $4.90 per share, with a total value of $367,259.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought a total of 578,571 shares of company stock worth $2,848,804 in the last ninety days.
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About Western Asst High Incm Opprtnty Fnd
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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