Highland Funds I – Highland Opportunities and Income Fund to Issue Monthly Dividend of $0.04 (NYSE:HFRO)

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders 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 yield of 6.95%. The ex-dividend date of this dividend is Thursday, May 23rd.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of NYSE:HFRO opened at $6.56 on Wednesday. The business has a 50 day moving average price of $6.55 and a 200 day moving average price of $7.11. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $5.92 and a twelve month high of $9.38.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

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.