Western Asset High Yield Defined Opportunity Fund Inc. (HYI) to Issue Monthly Dividend of $0.10 on July 31st

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.095 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Friday, July 24th.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.7%

Shares of HYI stock opened at $10.64 on Friday. The stock has a 50 day moving average of $10.81 and a two-hundred day moving average of $11.03. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.44 and a 12 month high of $12.13.

Western Asset High Yield Defined Opportunity Fund Company Profile

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.