Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Declares $0.04 Monthly Dividend

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be given a dividend of 0.0355 per share by the closed-end fund on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Friday, November 20th.

Western Asset High Income Opportunity Fund Price Performance

Shares of HIO opened at $3.56 on Thursday. The company’s 50-day moving average is $3.61 and its 200-day moving average is $3.66. Western Asset High Income Opportunity Fund has a fifty-two week low of $3.47 and a fifty-two week high of $4.05.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

A number of institutional investors have recently made changes to their positions in HIO. Cetera Investment Advisers raised its position in Western Asset High Income Opportunity Fund by 3.5% in the fourth quarter. Cetera Investment Advisers now owns 98,413 shares of the closed-end fund’s stock worth $365,000 after acquiring an additional 3,341 shares during the period. Merit Financial Group LLC grew its position in shares of Western Asset High Income Opportunity Fund by 20.7% in the 4th quarter. Merit Financial Group LLC now owns 20,295 shares of the closed-end fund’s stock worth $75,000 after buying an additional 3,486 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in Western Asset High Income Opportunity Fund by 1.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 398,939 shares of the closed-end fund’s stock valued at $1,480,000 after buying an additional 4,559 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Western Asset High Income Opportunity Fund by 84.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Western Asset High Income Opportunity Fund by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 131,959 shares of the closed-end fund’s stock valued at $507,000 after acquiring an additional 5,080 shares during the last quarter.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.