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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.038 per share on Friday, May 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date of this dividend is Thursday, May 23rd.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of Highland Funds I – Highland Opportunities and Income Fund stock traded up $0.23 during trading on Friday, hitting $6.64. 271,819 shares of the company’s stock traded hands, compared to its average volume of 357,423. The firm’s fifty day moving average price is $6.50 and its 200 day moving average price is $7.19. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $5.92 and a twelve month high of $9.38.

About Highland Funds I – Highland Opportunities and Income Fund

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.