Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Announces $0.04 Monthly Dividend

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announced a monthly dividend on Thursday, May 14th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.0355 per share by the closed-end fund on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date is Tuesday, June 23rd.

Western Asset High Income Opportunity Fund Price Performance

Western Asset High Income Opportunity Fund stock opened at $3.63 on Friday. The company’s 50 day simple moving average is $3.66 and its 200-day simple moving average is $3.73. Western Asset High Income Opportunity Fund has a 1 year low of $3.52 and a 1 year high of $4.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its position in Western Asset High Income Opportunity Fund by 3.5% in the 4th quarter. Cetera Investment Advisers now owns 98,413 shares of the closed-end fund’s stock valued at $365,000 after buying an additional 3,341 shares during the period. Merit Financial Group LLC grew its stake in shares of Western Asset High Income Opportunity Fund by 20.7% during the fourth quarter. Merit Financial Group LLC now owns 20,295 shares of the closed-end fund’s stock worth $75,000 after purchasing an additional 3,486 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Western Asset High Income Opportunity Fund by 1.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 398,939 shares of the closed-end fund’s stock valued at $1,480,000 after buying an additional 4,559 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Western Asset High Income Opportunity Fund by 84.7% in the third quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock valued at $42,000 after buying an additional 5,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Western Asset High Income Opportunity Fund by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 131,959 shares of the closed-end fund’s stock valued at $507,000 after buying an additional 5,080 shares in the last quarter.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.