Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Plans Monthly Dividend of $0.03

Western Asset High Income Opportunity Fund Inc. (NYSE:HIOGet Rating) declared a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Shareholders of record on Monday, October 24th will be paid a dividend of 0.03 per share by the closed-end fund on Tuesday, November 1st. This represents a $0.36 annualized dividend and a yield of 8.53%. The ex-dividend date is Friday, October 21st.

Western Asset High Income Opportunity Fund Price Performance

Shares of HIO stock opened at $4.22 on Friday. The firm has a 50 day moving average of $4.04 and a two-hundred day moving average of $4.31. Western Asset High Income Opportunity Fund has a 52 week low of $3.79 and a 52 week high of $5.43.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Several institutional investors have recently modified their holdings of the company. Raymond James & Associates lifted its position in Western Asset High Income Opportunity Fund by 5.0% in the first quarter. Raymond James & Associates now owns 136,282 shares of the closed-end fund’s stock valued at $609,000 after acquiring an additional 6,540 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Western Asset High Income Opportunity Fund by 3.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 158,865 shares of the closed-end fund’s stock valued at $710,000 after acquiring an additional 4,827 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Western Asset High Income Opportunity Fund by 287.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 52,237 shares of the closed-end fund’s stock valued at $233,000 after acquiring an additional 38,744 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in Western Asset High Income Opportunity Fund by 29.9% in the first quarter. Cetera Advisor Networks LLC now owns 15,813 shares of the closed-end fund’s stock valued at $71,000 after acquiring an additional 3,640 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Western Asset High Income Opportunity Fund by 15.7% in the first quarter. NewEdge Advisors LLC now owns 74,291 shares of the closed-end fund’s stock valued at $333,000 after acquiring an additional 10,100 shares during the last quarter.

Western Asset High Income Opportunity Fund Company Profile

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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.

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Dividend History for Western Asset High Income Opportunity Fund (NYSE:HIO)

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