Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Plans $0.10 Monthly Dividend

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be given a dividend of 0.095 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of NYSE HYI opened at $11.12 on Tuesday. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.87 and a 12 month high of $12.18. The stock has a 50-day moving average price of $11.14 and a two-hundred day moving average price of $11.42.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 55.7% during the fourth quarter. Royal Bank of Canada now owns 6,073 shares of the company’s stock worth $68,000 after buying an additional 2,173 shares in the last quarter. Advisory Services Network LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund during the 3rd quarter worth $73,000. Kanen Wealth Management LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth about $112,000. Allworth Financial LP bought a new position in Western Asset High Yield Defined Opportunity Fund in the second quarter valued at about $132,000. Finally, World Investment Advisors acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the third quarter valued at about $139,000.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.