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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a dividend on Tuesday, June 17th, investing.com reports. Investors of record on Tuesday, June 24th will be paid a dividend of 0.0355 per share by the closed-end fund on Tuesday, July 1st. This represents a yield of 10.92%. The ex-dividend date is Monday, June 23rd.

Western Asset High Income Opportunity Fund Stock Performance

Shares of HIO stock opened at $3.93 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 stock’s 50-day moving average price is $3.83 and its 200 day moving average price is $3.92.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in HIO. Kanen Wealth Management LLC acquired a new position in Western Asset High Income Opportunity Fund in the 1st quarter valued at about $1,448,000. Jane Street Group LLC purchased a new stake in Western Asset High Income Opportunity Fund in the 1st quarter valued at approximately $139,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Western Asset High Income Opportunity Fund by 807.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 10,429 shares in the last quarter.

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.