Highland Funds I – Highland Opportunities and Income Fund (HFRO) To Go Ex-Dividend on February 21st

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.0385 per share on Friday, February 28th. This represents a $0.46 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date of this dividend is Friday, February 21st.

Highland Funds I – Highland Opportunities and Income Fund has decreased its dividend by an average of 20.6% per year over the last three years.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of NYSE:HFRO opened at $5.77 on Wednesday. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $5.11 and a 52-week high of $7.05. The stock’s 50-day simple moving average is $5.55 and its two-hundred day simple moving average is $5.76.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Highland Funds I – Highland Opportunities and Income Fund stock. Bank of America Corp DE bought a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,245 shares of the company’s stock, valued at approximately $100,000.

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.