KKR Income Opportunities Fund (NYSE:KIO) to Issue Monthly Dividend of $0.12

KKR Income Opportunities Fund (NYSE:KIO) declared a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.1215 per share by the investment management company on Monday, June 30th. This represents a $1.46 annualized dividend and a dividend yield of 11.89%. The ex-dividend date of this dividend is Friday, June 13th.

KKR Income Opportunities Fund has raised its dividend payment by an average of 5.0% per year over the last three years.

KKR Income Opportunities Fund Stock Performance

KIO traded up $0.08 on Wednesday, hitting $12.26. 169,238 shares of the company were exchanged, compared to its average volume of 154,334. KKR Income Opportunities Fund has a 12 month low of $12.12 and a 12 month high of $15.09. The stock’s fifty day moving average is $12.75 and its 200-day moving average is $13.53.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.