Western Asset High Income Opportunity Fund Inc. (HIO) to Distribute Monthly Dividend of $0.04 on August 31st

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Monday, August 24th will be given a dividend of 0.0355 per share by the closed-end fund on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Monday, August 24th.

Western Asset High Income Opportunity Fund Price Performance

Western Asset High Income Opportunity Fund stock opened at $3.53 on Friday. Western Asset High Income Opportunity Fund has a fifty-two week low of $3.47 and a fifty-two week high of $4.05. The firm has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.65.

Western Asset High Income Opportunity Fund (NYSE:HIO) last issued its quarterly earnings results on Thursday, August 20th. The closed-end fund reported $0.08 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HIO. Sit Investment Associates Inc. grew its stake in shares of Western Asset High Income Opportunity Fund by 33.2% in the fourth quarter. Sit Investment Associates Inc. now owns 2,235,264 shares of the closed-end fund’s stock worth $8,293,000 after acquiring an additional 556,840 shares during the last quarter. Invesco Ltd. boosted its holdings in Western Asset High Income Opportunity Fund by 19.7% in the 4th quarter. Invesco Ltd. now owns 1,220,952 shares of the closed-end fund’s stock valued at $4,530,000 after purchasing an additional 201,345 shares during the period. FCA Corp TX grew its position in Western Asset High Income Opportunity Fund by 5.8% in the 1st quarter. FCA Corp TX now owns 1,206,739 shares of the closed-end fund’s stock worth $4,380,000 after purchasing an additional 66,178 shares during the last quarter. Rareview Capital LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 30.7% during the 2nd quarter. Rareview Capital LLC now owns 903,653 shares of the closed-end fund’s stock worth $3,597,000 after purchasing an additional 212,012 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Western Asset High Income Opportunity Fund by 13.5% during the 4th quarter. Wells Fargo & Company MN now owns 776,289 shares of the closed-end fund’s stock worth $2,880,000 after purchasing an additional 92,096 shares during the period.

Western Asset High Income Opportunity Fund Company Profile

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.