Western Asset High Yield Defined Opportunity Fund Inc. (HYI) to Issue Monthly Dividend of $0.10 on May 29th

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announced a monthly dividend on Monday, February 23rd. Investors of record on Thursday, May 21st will be given a dividend of 0.095 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Thursday, May 21st.

Western Asset High Yield Defined Opportunity Fund Price Performance

NYSE:HYI opened at $10.61 on Tuesday. Western Asset High Yield Defined Opportunity Fund has a one year low of $10.44 and a one year high of $12.13. The company’s 50-day simple moving average is $10.80 and its 200 day simple moving average is $11.03.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HYI. Absolute Investment Advisers LLC purchased a new position in Western Asset High Yield Defined Opportunity Fund in the fourth quarter worth about $2,735,000. Shaker Financial Services LLC raised its holdings in Western Asset High Yield Defined Opportunity Fund by 452.8% in the fourth quarter. Shaker Financial Services LLC now owns 231,194 shares of the company’s stock worth $2,580,000 after buying an additional 189,369 shares during the last quarter. Jane Street Group LLC raised its holdings in Western Asset High Yield Defined Opportunity Fund by 1,033.4% in the second quarter. Jane Street Group LLC now owns 198,577 shares of the company’s stock worth $2,379,000 after buying an additional 181,056 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in Western Asset High Yield Defined Opportunity Fund by 760.0% in the fourth quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock worth $2,254,000 after buying an additional 178,470 shares during the last quarter. Finally, Quarry LP purchased a new position in Western Asset High Yield Defined Opportunity Fund in the fourth quarter worth about $1,075,000.

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.