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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Friday, August 23rd will be given a dividend of 0.038 per share on Friday, August 30th. This represents a $0.46 annualized dividend and a dividend yield of 7.61%. The ex-dividend date of this dividend is Friday, August 23rd.

Highland Funds I – Highland Opportunities and Income Fund Stock Down 2.0 %

Shares of NYSE HFRO traded down $0.12 during midday trading on Friday, reaching $5.99. The company’s stock had a trading volume of 225,848 shares, compared to its average volume of 317,519. Highland Funds I – Highland Opportunities and Income Fund has a one year low of $5.92 and a one year high of $8.93. The company has a 50 day moving average price of $6.19 and a 200 day moving average price of $6.47.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

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.