Highland Funds I – Highland Opportunities and Income Fund (HFRO) to Issue Monthly Dividend of $0.04 on September 30th

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Investors of record on Monday, September 23rd will be given a dividend of 0.0385 per share on Monday, September 30th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Monday, September 23rd. This is an increase from Highland Funds I – Highland Opportunities and Income Fund’s previous monthly dividend of $0.04.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of NYSE HFRO opened at $6.28 on Friday. The firm’s 50 day moving average price is $6.05 and its 200 day moving average price is $6.28. Highland Funds I – Highland Opportunities and Income Fund has a 1 year low of $5.71 and a 1 year high of $8.93.

About Highland Funds I – Highland Opportunities and Income Fund

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.