KKR Income Opportunities Fund to Issue Monthly Dividend of $0.12 (NYSE:KIO)

KKR Income Opportunities Fund (NYSE:KIO) declared a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.1215 per share by the investment management company on Monday, June 30th. This represents a $1.46 dividend on an annualized basis and a yield of 11.89%. The ex-dividend date is Friday, June 13th.

KKR Income Opportunities Fund has increased its dividend payment by an average of 5.0% annually over the last three years.

KKR Income Opportunities Fund Stock Up 0.7 %

NYSE:KIO traded up $0.08 on Wednesday, reaching $12.26. The company’s stock had a trading volume of 169,238 shares, compared to its average volume of 154,334. KKR Income Opportunities Fund has a 1-year low of $12.12 and a 1-year high of $15.09. The business’s 50-day moving average price is $12.75 and its two-hundred day moving average price is $13.53.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.