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

Posted by Brenda Bartman on Mar 4th, 2025

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Get Free Report) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Monday, March 24th will be paid a dividend of 0.0385 per share on Monday, March 31st. This represents a $0.46 annualized dividend and a yield of 8.12%. The ex-dividend date of this dividend is Monday, March 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

NYSE:HFRO traded down $0.14 during midday trading on Tuesday, hitting $5.69. 231,498 shares of the stock were exchanged, compared to its average volume of 278,605. The business has a 50-day moving average price of $5.59 and a two-hundred day moving average price of $5.75. Highland Funds I – Highland Opportunities and Income Fund has a one year low of $5.11 and a one year high of $7.05.

Institutional Trading of Highland Funds I – Highland Opportunities and Income Fund

An institutional investor recently bought a new position in Highland Funds I – Highland Opportunities and Income Fund stock. Bank of America Corp DE acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,245 shares of the company’s stock, valued at approximately $100,000.

About Highland Funds I – Highland Opportunities and Income Fund

(Get Free Report)

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.