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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.0385 per share on Friday, February 28th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date is Friday, February 21st.

Highland Funds I – Highland Opportunities and Income Fund has decreased its dividend by an average of 20.6% per year over the last three years.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of HFRO opened at $5.80 on Wednesday. The business has a 50-day moving average of $5.55 and a 200-day moving average of $5.78. Highland Funds I – Highland Opportunities and Income Fund has a 1 year low of $5.11 and a 1 year high of $7.05.

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.