KKR Income Opportunities Fund (NYSE:KIO) Plans $0.12 Monthly Dividend

KKR Income Opportunities Fund (NYSE:KIO) announced a monthly dividend on Wednesday, September 25th, Wall Street Journal reports. Stockholders of record on Friday, October 11th will be given a dividend of 0.1215 per share by the investment management company on Thursday, October 31st. This represents a $1.46 annualized dividend and a dividend yield of 9.69%. The ex-dividend date of this dividend is Friday, October 11th.

KKR Income Opportunities Fund has decreased its dividend by an average of 0.8% per year over the last three years.

KKR Income Opportunities Fund Stock Up 0.4 %

NYSE KIO traded up $0.06 on Wednesday, hitting $15.04. 353,850 shares of the company were exchanged, compared to its average volume of 121,088. KKR Income Opportunities Fund has a 12 month low of $11.02 and a 12 month high of $15.05. The stock has a fifty day moving average of $14.50 and a 200-day moving average of $13.88.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.