Western Asst High Incm Opprtnty Fnd (HIO) Earning Favorable Press Coverage, Study Finds

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News stories about Western Asst High Incm Opprtnty Fnd (NYSE:HIO) have been trending positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Western Asst High Incm Opprtnty Fnd earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news headlines about the closed-end fund an impact score of 47.5987310031013 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

NYSE:HIO traded down $0.02 during mid-day trading on Friday, reaching $4.79. The stock had a trading volume of 296,428 shares, compared to its average volume of 305,860. Western Asst High Incm Opprtnty Fnd has a 12 month low of $4.73 and a 12 month high of $5.19.

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 21st will be paid a $0.0265 dividend. The ex-dividend date is Thursday, September 20th. This represents a $0.32 dividend on an annualized basis and a yield of 6.64%.

Western Asst High Incm Opprtnty Fnd Company Profile

Western Asset High Income Opportunity Fund Inc is a diversified, closed-end management investment company. The Fund seeks high current income. Capital appreciation is a secondary objective. It invests, under normal market conditions, approximately 80% of its net assets in high-yield securities and over 20% in common stock equivalents, including options, warrants and rights.

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