Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Announces Dividend Increase – $0.04 Per Share

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a dividend on Wednesday, January 22nd,investing.com reports. Shareholders of record on Monday, January 27th will be given 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 an increase 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

Western Asset High Income Opportunity Fund stock traded down $0.01 during midday trading on Wednesday, reaching $3.95. 564,837 shares of the stock were exchanged, compared to its average volume of 535,183. Western Asset High Income Opportunity Fund has a 52 week low of $3.69 and a 52 week high of $4.07. The company’s fifty day moving average is $3.95 and its 200-day moving average is $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.