Western Asset High Yield Defined Opportunity Fund Inc. (HYI) to Issue Monthly Dividend of $0.10 on March 31st

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Monday, February 23rd. Investors of record on Tuesday, March 24th will be given a dividend of 0.095 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset High Yield Defined Opportunity Fund Trading Up 0.1%

Shares of HYI stock opened at $11.12 on Wednesday. The stock has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $11.41. Western Asset High Yield Defined Opportunity Fund has a 52-week low of $10.87 and a 52-week high of $12.18.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kanen Wealth Management LLC bought a new position in Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth approximately $112,000. Readystate Asset Management LP lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 120.6% in the fourth quarter. Readystate Asset Management LP now owns 65,882 shares of the company’s stock worth $735,000 after buying an additional 36,021 shares in the last quarter. Ionic Capital Management LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth $213,000. 1607 Capital Partners LLC purchased a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at $578,000. Finally, Guggenheim Capital LLC increased its holdings in Western Asset High Yield Defined Opportunity Fund by 6.1% in the 4th quarter. Guggenheim Capital LLC now owns 429,166 shares of the company’s stock valued at $4,789,000 after acquiring an additional 24,709 shares during the last quarter.

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.