Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Announces Dividend Increase – $0.04 Per Share

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Tuesday, December 3rd,Wall Street Journal reports. Shareholders of record on Tuesday, December 24th will be paid a dividend of 0.0385 per share on Tuesday, December 31st. This represents a $0.46 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend is Tuesday, December 24th. This is a boost from Highland Funds I – Highland Opportunities and Income Fund’s previous monthly dividend of $0.04.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

HFRO opened at $5.33 on Friday. The business has a 50 day moving average of $5.64 and a 200-day moving average of $5.94. Highland Funds I – Highland Opportunities and Income Fund has a 1-year low of $5.16 and a 1-year high of $8.06.

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.