Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) to Issue $0.04 Monthly Dividend

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) declared a monthly dividend on Monday, February 23rd. Investors of record on Tuesday, March 24th will be given a dividend of 0.0355 per share by the closed-end fund on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset High Income Opportunity Fund Stock Down 0.4%

Western Asset High Income Opportunity Fund stock traded down $0.02 during mid-day trading on Monday, hitting $3.78. 368,970 shares of the stock were exchanged, compared to its average volume of 431,139. Western Asset High Income Opportunity Fund has a 12 month low of $3.36 and a 12 month high of $4.15. The firm’s fifty day simple moving average is $3.75 and its two-hundred day simple moving average is $3.82.

Institutional Trading of Western Asset High Income Opportunity Fund

A number of institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Western Asset High Income Opportunity Fund by 504.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,584 shares of the closed-end fund’s stock worth $29,000 after acquiring an additional 6,330 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Western Asset High Income Opportunity Fund by 84.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock valued at $42,000 after purchasing an additional 5,000 shares during the period. Laurel Oak Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the 4th quarter valued at about $40,000. One Capital Management LLC acquired a new stake in Western Asset High Income Opportunity Fund during the fourth quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. increased its holdings in Western Asset High Income Opportunity Fund by 807.2% in the first quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 10,429 shares in the last quarter.

About Western Asset High Income Opportunity Fund

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.