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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announced a monthly dividend on Wednesday, November 15th, Wall Street Journal reports. Shareholders of record on Wednesday, January 24th will be paid a dividend of 0.0355 per share by the closed-end fund on Thursday, February 1st. This represents a $0.43 dividend on an annualized basis and a yield of 11.34%. The ex-dividend date of this dividend is Tuesday, January 23rd.

Western Asset High Income Opportunity Fund has increased its dividend by an average of 0.9% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE:HIO opened at $3.76 on Friday. The business’s fifty day moving average price is $3.68 and its two-hundred day moving average price is $3.76. Western Asset High Income Opportunity Fund has a fifty-two week low of $3.52 and a fifty-two week high of $4.19.

Institutional Trading of Western Asset High Income Opportunity Fund

A number of large investors have recently bought and sold shares of the stock. Creative Planning bought a new stake in Western Asset High Income Opportunity Fund in the third quarter valued at $39,000. Mariner LLC bought a new stake in Western Asset High Income Opportunity Fund in the third quarter valued at $199,000. LPL Financial LLC grew its position in Western Asset High Income Opportunity Fund by 13.9% in the third quarter. LPL Financial LLC now owns 78,214 shares of the closed-end fund’s stock valued at $285,000 after acquiring an additional 9,565 shares during the period. Envestnet Asset Management Inc. grew its position 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 acquiring an additional 4,921 shares during the period. Finally, Raymond James Trust N.A. bought a new stake in shares of Western Asset High Income Opportunity Fund during the second quarter worth $55,000.

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.