Western Asset High Yield Defined Opportunity Fund Inc. (HYI) To Go Ex-Dividend on August 24th

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.095 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Monday, August 24th.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.5%

Shares of NYSE HYI opened at $10.44 on Friday. Western Asset High Yield Defined Opportunity Fund has a 1 year low of $10.35 and a 1 year high of $12.13. The company’s 50-day moving average is $10.54 and its 200 day moving average is $10.74.

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.