Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI – Get Rating) announced a monthly dividend on Tuesday, November 15th, Wall Street Journal reports. Stockholders of record on Tuesday, January 24th will be given a dividend of 0.0945 per share on Wednesday, February 1st. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date of this dividend is Monday, January 23rd.
Western Asset High Yield Defined Opportunity Fund has increased its dividend by an average of 1.5% per year over the last three years.
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Western Asset High Yield Defined Opportunity Fund Price Performance
Shares of NYSE HYI opened at $12.64 on Friday. Western Asset High Yield Defined Opportunity Fund has a twelve month low of $11.21 and a twelve month high of $14.85. The firm has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $12.21.
Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund
Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in Western Asset High Yield Defined Opportunity Fund by 10.6% during the 1st quarter. Invesco Ltd. now owns 349,133 shares of the company's stock worth $4,846,000 after buying an additional 33,594 shares during the period. Jane Street Group LLC acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund during the third quarter worth approximately $187,000. Cetera Advisor Networks LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth $137,000. LPL Financial LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 37.7% in the 2nd quarter. LPL Financial LLC now owns 28,272 shares of the company's stock valued at $344,000 after purchasing an additional 7,747 shares during the period. Finally, UBS Group AG grew its position in Western Asset High Yield Defined Opportunity Fund by 3.5% in the 2nd quarter. UBS Group AG now owns 141,078 shares of the company's stock valued at $1,719,000 after purchasing an additional 4,816 shares during the period.
Western Asset High Yield Defined Opportunity Fund Company Profile
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Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.
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