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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.095 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of NYSE HYI 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 stock’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $10.79.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 5.1% in the 1st quarter. Bank of America Corp DE now owns 33,611 shares of the company’s stock worth $359,000 after buying an additional 1,635 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 55.7% in the fourth quarter. Royal Bank of Canada now owns 6,073 shares of the company’s stock valued at $68,000 after buying an additional 2,173 shares during the period. Calamos Advisors LLC boosted its stake in Western Asset High Yield Defined Opportunity Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 26,332 shares of the company’s stock valued at $281,000 after buying an additional 3,135 shares in the last quarter. Invesco Ltd. boosted its stake in Western Asset High Yield Defined Opportunity Fund by 4.7% during the second quarter. Invesco Ltd. now owns 76,276 shares of the company’s stock valued at $914,000 after buying an additional 3,447 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Western Asset High Yield Defined Opportunity Fund by 17.7% during the fourth quarter. LPL Financial LLC now owns 38,682 shares of the company’s stock worth $432,000 after acquiring an additional 5,811 shares during the period.

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.