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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.095 per share on Wednesday, May 1st. This represents a $1.14 annualized dividend and a dividend yield of 9.78%. The ex-dividend date of this dividend is Monday, April 22nd.

Western Asset High Yield Defined Opportunity Fund has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.7 %

Shares of HYI opened at $11.66 on Friday. The stock has a 50-day simple moving average of $11.95 and a 200-day simple moving average of $11.77. Western Asset High Yield Defined Opportunity Fund has a 1 year low of $10.99 and a 1 year high of $12.24.

Hedge Funds Weigh In On Western Asset High Yield Defined Opportunity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in HYI. Freedom Wealth Alliance LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at about $25,000. Coppell Advisory Solutions LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund during the second quarter worth approximately $40,000. Coppell Advisory Solutions Corp. purchased a new stake in Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth approximately $41,000. JPMorgan Chase & Co. purchased a new stake in Western Asset High Yield Defined Opportunity Fund during the first quarter worth approximately $56,000. Finally, Comerica Bank purchased a new stake in Western Asset High Yield Defined Opportunity Fund during the third quarter worth approximately $68,000.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.