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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announced a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.0355 per share by the closed-end fund on Wednesday, May 1st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date of this dividend is Monday, April 22nd.

Western Asset High Income Opportunity Fund has decreased its dividend by an average of 0.6% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Western Asset High Income Opportunity Fund Price Performance

HIO opened at $3.76 on Friday. The firm has a 50 day simple moving average of $3.91 and a 200 day simple moving average of $3.84. Western Asset High Income Opportunity Fund has a fifty-two week low of $3.52 and a fifty-two week high of $4.03.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its stake in shares of Western Asset High Income Opportunity Fund by 3.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 73,515 shares of the closed-end fund’s stock worth $290,000 after buying an additional 2,587 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Western Asset High Income Opportunity Fund by 5.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 63,113 shares of the closed-end fund’s stock worth $244,000 after buying an additional 3,100 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Western Asset High Income Opportunity Fund by 29.9% during the first quarter. Cetera Advisor Networks LLC now owns 15,813 shares of the closed-end fund’s stock worth $71,000 after buying an additional 3,640 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Western Asset High Income Opportunity Fund by 3.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 158,865 shares of the closed-end fund’s stock valued at $710,000 after purchasing an additional 4,827 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Western Asset High Income Opportunity Fund by 1.7% in the third quarter. Envestnet Asset Management Inc. now owns 287,918 shares of the closed-end fund’s stock valued at $1,048,000 after purchasing an additional 4,921 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.