Highland Funds I – Highland Opportunities and Income Fund to Issue Monthly Dividend of $0.04 (NYSE:HFRO)

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Friday, January 24th will be given a dividend of 0.0385 per share on Friday, January 31st. This represents a $0.46 annualized dividend and a yield of 8.48%. The ex-dividend date of this dividend is Friday, January 24th.

Highland Funds I – Highland Opportunities and Income Fund has decreased its dividend by an average of 20.6% per year over the last three years.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of NYSE HFRO traded up $0.16 during midday trading on Friday, hitting $5.45. The stock had a trading volume of 470,274 shares, compared to its average volume of 433,687. The stock has a 50 day simple moving average of $5.53 and a 200-day simple moving average of $5.88. Highland Funds I – Highland Opportunities and Income Fund has a 1 year low of $5.11 and a 1 year high of $7.51.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.