Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Friday, July 19th will be paid a dividend of 0.0295 per share by the closed-end fund on Thursday, August 1st. This represents a $0.35 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend is Thursday, July 18th.
Western Asst High Incm Opprtnty Fnd has decreased its dividend payment by an average of 9.1% per year over the last three years.
Shares of NYSE HIO opened at $4.93 on Thursday. Western Asst High Incm Opprtnty Fnd has a 1 year low of $4.14 and a 1 year high of $5.07.
In other news, major shareholder Saba Capital Management, L.P. purchased 74,951 shares of the stock in a transaction on Thursday, April 4th. The stock was purchased at an average price of $4.90 per share, for a total transaction of $367,259.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders purchased 227,415 shares of company stock valued at $1,116,921.
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About Western Asst High Incm Opprtnty Fnd
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.
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