Western Asset High Yield Defined Opportunity Fund Inc. (HYI) to Issue Monthly Dividend of $0.10 on September 3rd

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announced a monthly dividend on Friday, May 24th, Wall Street Journal reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.095 per share on Tuesday, September 3rd. This represents a $1.14 annualized dividend and a dividend yield of 9.39%. The ex-dividend date is Friday, August 23rd.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of HYI stock opened at $12.14 on Wednesday. The firm’s 50-day simple moving average is $11.74 and its 200-day simple moving average is $11.78. Western Asset High Yield Defined Opportunity Fund has a 1-year low of $10.99 and a 1-year high of $12.24.

Western Asset High Yield Defined Opportunity Fund 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.