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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.0355 per share by the closed-end fund on Monday, June 2nd. This represents a $0.43 annualized dividend and a yield of 10.56%. The ex-dividend date of this dividend is Thursday, May 22nd.

Western Asset High Income Opportunity Fund has raised its dividend by an average of 11.8% annually over the last three years.

Western Asset High Income Opportunity Fund Stock Down 0.1 %

HIO stock traded down $0.01 during trading hours on Thursday, hitting $4.04. 199,531 shares of the stock were exchanged, compared to its average volume of 452,427. Western Asset High Income Opportunity Fund has a 12 month low of $3.69 and a 12 month high of $4.07. The company has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $3.96.

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.