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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Friday, January 24th will be given a dividend of 0.0385 per share on Friday, January 31st. This represents a $0.46 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date is Friday, January 24th.

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 Stock Performance

Shares of NYSE HFRO opened at $5.75 on Wednesday. The firm has a 50 day moving average price of $5.50 and a two-hundred day moving average price of $5.82. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $5.11 and a 52-week high of $7.48.

About Highland Funds I – Highland Opportunities and Income Fund

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.