HIGHLAND FR OPP/SH BEN INT (NYSE:HFRO) declared a monthly dividend on Tuesday, May 5th, Wall Street Journal reports. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.077 per share on Friday, May 29th. This represents a $0.92 annualized dividend and a dividend yield of 12.13%. The ex-dividend date of this dividend is Friday, May 22nd.
HIGHLAND FR OPP/SH BEN INT has raised its dividend by an average of 81.7% per year over the last three years.
Shares of HFRO stock opened at $7.62 on Thursday. The business’s 50 day simple moving average is $8.18. HIGHLAND FR OPP/SH BEN INT has a 52-week low of $7.02 and a 52-week high of $14.00.
Highland Funds I – Highland Floating Rate Opportunities 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.
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