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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a dividend on Thursday, January 23rd,investing.com reports. Shareholders of record on Monday, January 27th will be paid a dividend of 0.0355 per share by the closed-end fund on Monday, February 3rd. This represents a yield of 10.81%. The ex-dividend date of this dividend is Friday, January 24th. This is a boost from Western Asset High Income Opportunity Fund’s previous dividend of $0.03.

Western Asset High Income Opportunity Fund has increased its dividend by an average of 12.7% per year over the last three years.

Western Asset High Income Opportunity Fund Stock Performance

HIO stock traded down $0.01 during mid-day trading on Thursday, hitting $3.94. The stock had a trading volume of 506,599 shares, compared to its average volume of 533,693. Western Asset High Income Opportunity Fund has a 1-year low of $3.69 and a 1-year high of $4.07. The company has a fifty day moving average of $3.95 and a 200 day moving average of $3.95.

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.