Western Asset High Yield Defined Opportunity Fund Inc. (HYI) to Issue Monthly Dividend of $0.10 on May 1st

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announced a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.095 per share on Wednesday, May 1st. This represents a $1.14 annualized dividend and a yield of 9.78%. The ex-dividend date is Monday, April 22nd.

Western Asset High Yield Defined Opportunity Fund has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Western Asset High Yield Defined Opportunity Fund stock opened at $11.66 on Friday. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.99 and a 12 month high of $12.24. The stock’s 50 day simple moving average is $11.95 and its two-hundred day simple moving average is $11.77.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

Several hedge funds have recently bought and sold shares of HYI. Freedom Wealth Alliance LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth approximately $25,000. Coppell Advisory Solutions LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 2nd quarter valued at approximately $40,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter valued at approximately $41,000. JPMorgan Chase & Co. purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 1st quarter valued at approximately $56,000. Finally, Comerica Bank purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 3rd quarter valued at approximately $68,000.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.