Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) to Issue Monthly Dividend of $0.04

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Friday, January 24th will be paid a dividend of 0.0385 per share on Friday, January 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date of this dividend is Friday, January 24th.

Highland Funds I – Highland Opportunities and Income Fund has decreased its dividend by an average of 20.6% per year over the last three years.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

HFRO stock traded up $0.16 during trading on Friday, reaching $5.45. 470,274 shares of the stock were exchanged, compared to its average volume of 433,687. The business has a 50 day moving average price of $5.53 and a 200-day moving average price of $5.88. Highland Funds I – Highland Opportunities and Income Fund has a 1 year low of $5.11 and a 1 year high of $7.51.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

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.