Highland Funds I – Highland Opportunities and Income Fund (HFRO) to Issue Monthly Dividend of $0.04 on July 31st

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Monday, July 1st, Zacks reports. Shareholders of record on Wednesday, July 24th will be paid a dividend of 0.038 per share on Wednesday, July 31st. This represents a $0.46 annualized dividend and a dividend yield of 7.43%. The ex-dividend date is Wednesday, July 24th.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 0.2 %

Shares of HFRO traded down $0.01 during mid-day trading on Wednesday, reaching $6.14. 34,588 shares of the company’s stock were exchanged, compared to its average volume of 310,064. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $5.92 and a 52-week high of $9.09. The company has a 50-day simple moving average of $6.33 and a two-hundred day simple moving average of $6.68.

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.