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

KKR Income Opportunities Fund (NYSE:KIO) declared a monthly dividend on Monday, June 23rd, Wall Street Journal reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.1215 per share by the investment management company on Tuesday, September 30th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 11.86%. The ex-dividend date is Friday, September 12th.

KKR Income Opportunities Fund Stock Up 0.2%

Shares of KIO opened at $12.30 on Monday. KKR Income Opportunities Fund has a 52-week low of $10.69 and a 52-week high of $15.09. The business’s 50 day moving average is $11.97 and its two-hundred day moving average is $12.45.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KKR Income Opportunities Fund stock. NewEdge Advisors LLC grew its holdings in shares of KKR Income Opportunities Fund (NYSE:KIO) by 9.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 45,466 shares of the investment management company’s stock after acquiring an additional 3,844 shares during the quarter. NewEdge Advisors LLC’s holdings in KKR Income Opportunities Fund were worth $559,000 as of its most recent SEC filing.

KKR Income Opportunities Fund Company Profile

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.