Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Increases Dividend to $0.04 Per Share

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announced a dividend on Thursday, January 23rd,investing.com reports. Investors of record on Monday, January 27th will be paid a dividend of 0.0355 per share by the closed-end fund on Monday, February 3rd. This represents a yield of 10.81%. The ex-dividend date is Friday, January 24th. This is an increase from Western Asset High Income Opportunity Fund’s previous dividend of $0.03.

Western Asset High Income Opportunity Fund has raised its dividend payment by an average of 12.7% per year over the last three years.

Western Asset High Income Opportunity Fund Price Performance

Shares of Western Asset High Income Opportunity Fund stock opened at $3.93 on Friday. Western Asset High Income Opportunity Fund has a 12 month low of $3.69 and a 12 month high of $4.07. The business has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $3.95.

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.