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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, July 24th will be paid a dividend of 0.095 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Friday, July 24th.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of HYI traded up $0.03 during midday trading on Thursday, hitting $10.72. 21,208 shares of the company’s stock traded hands, compared to its average volume of 58,276. Western Asset High Yield Defined Opportunity Fund has a 1 year low of $10.44 and a 1 year high of $12.13. The firm’s fifty day moving average is $10.82 and its 200-day moving average is $11.04.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of Western Asset High Yield Defined Opportunity Fund by 55.7% in the 4th quarter. Royal Bank of Canada now owns 6,073 shares of the company’s stock valued at $68,000 after acquiring an additional 2,173 shares during the period. Advisory Services Network LLC acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 3rd quarter valued at $73,000. Fifth Third Bancorp acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 1st quarter valued at $77,000. Kanen Wealth Management LLC acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at $112,000. Finally, MRA Advisory Group increased its position in shares of Western Asset High Yield Defined Opportunity Fund by 8.2% in the 3rd quarter. MRA Advisory Group now owns 12,558 shares of the company’s stock valued at $147,000 after acquiring an additional 954 shares during the period.

About Western Asset High Yield Defined Opportunity Fund

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.