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 Tuesday, August 6th, NASDAQ reports. Shareholders of record on Monday, September 23rd will be paid a dividend of 0.0355 per share by the closed-end fund on Tuesday, October 1st. This represents a $0.43 annualized dividend and a yield of 10.62%. The ex-dividend date is Monday, September 23rd.

Western Asset High Income Opportunity Fund has decreased its dividend by an average of 0.6% per year over the last three years.

Western Asset High Income Opportunity Fund Stock Down 0.5 %

Shares of HIO stock opened at $4.01 on Friday. Western Asset High Income Opportunity Fund has a 12-month low of $3.52 and a 12-month high of $4.07. The business’s fifty day simple moving average is $3.93 and its 200-day simple moving average is $3.86.

About Western Asset High Income Opportunity Fund

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.