Western Asset High Yield Defined Opportunity Fund Inc. Declares Monthly Dividend of $0.10 (NYSE:HYI)

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Monday, February 23rd. Investors of record on Tuesday, March 24th will be given a dividend of 0.095 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.2%

Shares of NYSE HYI traded down $0.02 during trading on Monday, hitting $11.12. The company had a trading volume of 92,864 shares, compared to its average volume of 44,908. Western Asset High Yield Defined Opportunity Fund has a 12 month low of $10.87 and a 12 month high of $12.18. The stock has a 50 day simple moving average of $11.14 and a 200 day simple moving average of $11.42.

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.