Western Asset High Income Opportunity Fund Inc. (HIO) to Issue Monthly Dividend of $0.04 on September 2nd

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announced a monthly dividend on Monday, May 19th, Wall Street Journal reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.0355 per share by the closed-end fund on Tuesday, September 2nd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.95%. The ex-dividend date is Friday, August 22nd.

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

Western Asset High Income Opportunity Fund Price Performance

Shares of NYSE HIO opened at $3.89 on Wednesday. Western Asset High Income Opportunity Fund has a 52-week low of $3.36 and a 52-week high of $4.15. The business has a 50-day moving average price of $3.86 and a 200 day moving average price of $3.93.

Institutional Trading of Western Asset High Income Opportunity Fund

A hedge fund recently bought a new stake in Western Asset High Income Opportunity Fund stock. Jane Street Group LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,808 shares of the closed-end fund’s stock, valued at approximately $139,000.

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.