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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announced a monthly dividend on Wednesday, August 2nd, NASDAQ reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.0355 per share by the closed-end fund on Monday, October 2nd. This represents a $0.43 dividend on an annualized basis and a yield of 11.21%. The ex-dividend date of this dividend is Thursday, September 21st. This is a boost from Western Asset High Income Opportunity Fund’s previous monthly dividend of $0.03.

Western Asset High Income Opportunity Fund has increased its dividend payment by an average of 0.9% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Western Asset High Income Opportunity Fund Trading Down 0.3 %

Shares of NYSE:HIO opened at $3.80 on Tuesday. The business’s fifty day moving average price is $3.81 and its two-hundred day moving average price is $3.81. Western Asset High Income Opportunity Fund has a fifty-two week low of $3.60 and a fifty-two week high of $4.19.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers boosted its position in shares of Western Asset High Income Opportunity Fund by 29.4% in the 4th quarter. Cetera Investment Advisers now owns 21,853 shares of the closed-end fund’s stock worth $86,000 after purchasing an additional 4,968 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Western Asset High Income Opportunity Fund by 77.6% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,391 shares of the closed-end fund’s stock valued at $85,000 after buying an additional 9,787 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Western Asset High Income Opportunity Fund in the 2nd quarter valued at about $79,000. HRT Financial LP acquired a new stake in Western Asset High Income Opportunity Fund in the 1st quarter valued at approximately $77,000. Finally, Cetera Advisor Networks LLC lifted its position in shares of Western Asset High Income Opportunity Fund by 29.9% in the first quarter. Cetera Advisor Networks LLC now owns 15,813 shares of the closed-end fund’s stock worth $71,000 after purchasing an additional 3,640 shares in the last quarter.

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.