Western Asset High Yield Dfnd Opp FI (NYSE:HYI) Announces Dividend Increase – $0.09 Per Share

Western Asset High Yield Dfnd Opp FI (NYSE:HYI) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 21st will be paid a dividend of 0.089 per share on Monday, July 1st. This represents a $1.07 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date is Thursday, June 20th. This is a positive change from Western Asset High Yield Dfnd Opp FI’s previous monthly dividend of $0.09.

Western Asset High Yield Dfnd Opp FI has decreased its dividend payment by an average of 6.9% annually over the last three years.

Western Asset High Yield Dfnd Opp FI stock traded down $0.01 during trading hours on Friday, reaching $14.86. 31,500 shares of the stock were exchanged, compared to its average volume of 92,117. Western Asset High Yield Dfnd Opp FI has a 52-week low of $12.83 and a 52-week high of $15.20.

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Western Asset High Yield Dfnd Opp FI Company Profile

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.

Further Reading: The limitations of an equal weight rating

Dividend History for Western Asset High Yield Dfnd Opp FI (NYSE:HYI)

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