Highland Funds I – Highland Opportunities and Income Fund (HFRO) To Go Ex-Dividend on May 23rd

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Friday, May 24th will be given a dividend of 0.038 per share on Friday, May 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Thursday, May 23rd.

Highland Funds I – Highland Opportunities and Income Fund Stock Up 3.6 %

NYSE:HFRO traded up $0.23 during midday trading on Friday, hitting $6.64. The stock had a trading volume of 271,819 shares, compared to its average volume of 357,423. The stock has a 50-day moving average of $6.50 and a 200 day moving average of $7.19. Highland Funds I – Highland Opportunities and Income Fund has a one year low of $5.92 and a one year high of $9.38.

About Highland Funds I – Highland Opportunities and Income Fund

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.