Western Asset High Yield Defined Opportunity Fund Inc. Declares Monthly Dividend of $0.10 (NYSE:HYI)

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Wednesday, January 24th will be given a dividend of 0.095 per share on Thursday, February 1st. This represents a $1.14 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Tuesday, January 23rd.

Western Asset High Yield Defined Opportunity Fund has increased its dividend by an average of 1.8% per year over the last three years and has raised its dividend every year for the last 1 years.

Western Asset High Yield Defined Opportunity Fund Trading Up 1.0 %

Shares of NYSE HYI opened at $11.52 on Thursday. The company’s 50-day simple moving average is $11.37 and its 200-day simple moving average is $11.56. Western Asset High Yield Defined Opportunity Fund has a 52-week low of $10.99 and a 52-week high of $13.01.

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

Several large investors have recently bought and sold shares of HYI. UBS Group AG boosted its position in Western Asset High Yield Defined Opportunity Fund by 8.3% during the third quarter. UBS Group AG now owns 37,399 shares of the company’s stock worth $430,000 after acquiring an additional 2,858 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the second quarter valued at approximately $40,000. JPMorgan Chase & Co. purchased a new position in Western Asset High Yield Defined Opportunity Fund during the first quarter worth approximately $56,000. Steward Partners Investment Advisory LLC boosted its stake in Western Asset High Yield Defined Opportunity Fund by 3.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 78,667 shares of the company’s stock worth $942,000 after buying an additional 2,786 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its stake in Western Asset High Yield Defined Opportunity Fund by 10.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 912,737 shares of the company’s stock worth $10,935,000 after buying an additional 83,857 shares during the last quarter.

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.