Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Investors of record on Friday, October 23rd will be paid a dividend of $0.0950 per share on Friday, October 30th. This represents a $1.14 annualized dividend and a dividend yield of 11.8%. The ex-dividend date of this dividend is Friday, October 23rd.
Western Asset High Yield Defined Opportunity Fund Trading Down 0.5%
HYI stock opened at $9.65 on Wednesday. Western Asset High Yield Defined Opportunity Fund has a 1 year low of $9.58 and a 1 year high of $11.54. The stock has a 50-day moving average price of $10.10 and a two-hundred day moving average price of $10.45.
About Western Asset High Yield Defined Opportunity Fund
Western Asset High Yield Defined Opportunity Fund (NYSE: HYI) is a closed-end investment fund managed by Western Asset Management Company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
HYI invests primarily in below-investment-grade corporate debt, commonly known as high-yield or “junk” bonds. Its portfolio may include bonds and other fixed-income securities issued by companies in a range of industries, with an emphasis on securities that offer higher income in exchange for greater credit risk.
The fund is designed to provide investors with access to professionally managed high-yield credit markets through a publicly traded vehicle.
Further Reading
- Five stocks we like better than Western Asset High Yield Defined Opportunity Fund
- ServiceNow Orchestrates AI’s Next Act—Can Earnings Deliver?
- Drone Stocks Have Burned Investors—Are These 4 Different?
- 3M’s Legal Troubles Are Fading. Is the Best Part of Its Rally Still Ahead?
- The AI Buildout Is Only 15% Complete—Here Is Where the Next Dollar Actually Goes
Receive News & Ratings for Western Asset High Yield Defined Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset High Yield Defined Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.
