Western Asset High Yield Defined Opportunity Fund Inc. (HYI) to Issue Monthly Dividend of $0.10 on November 30th

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be given a dividend of 0.095 per share on Monday, November 30th. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of Western Asset High Yield Defined Opportunity Fund stock opened at $10.50 on Friday. Western Asset High Yield Defined Opportunity Fund has a 12-month low of $10.35 and a 12-month high of $12.13. The firm’s 50 day simple moving average is $10.56 and its two-hundred day simple moving average is $10.79.

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.