Western Asset High Yield Dfnd Opp FI (NYSE:HYI) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, July 19th will be given a dividend of 0.089 per share on Thursday, August 1st. This represents a $1.07 annualized dividend and a yield of 7.00%. The ex-dividend date is Thursday, July 18th.
Western Asset High Yield Dfnd Opp FI has decreased its dividend payment by an average of 6.9% annually over the last three years.
Western Asset High Yield Dfnd Opp FI stock opened at $15.25 on Wednesday. Western Asset High Yield Dfnd Opp FI has a one year low of $12.83 and a one year high of $15.38. The stock’s fifty day simple moving average is $15.00.
Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.
Further Reading: Neutral Rating
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