Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Announces Monthly Dividend of $0.04

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Monday, March 24th will be given a dividend of 0.0385 per share on Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date of this dividend is Monday, March 24th.

Highland Funds I – Highland Opportunities and Income Fund has decreased its dividend payment by an average of 20.6% per year over the last three years.

Highland Funds I – Highland Opportunities and Income Fund Trading Up 0.1 %

HFRO stock opened at $5.27 on Friday. The stock has a 50-day moving average price of $5.60 and a two-hundred day moving average price of $5.69. Highland Funds I – Highland Opportunities and Income Fund has a 1 year low of $5.08 and a 1 year high of $7.05.

Hedge Funds Weigh In On Highland Funds I – Highland Opportunities and Income Fund

An institutional investor recently bought a new position in Highland Funds I – Highland Opportunities and Income Fund stock. Bank of America Corp DE acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,245 shares of the company’s stock, valued at approximately $100,000.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.