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

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 paid 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 8.48%. 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% annually over the last three years.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of HFRO traded up $0.16 during mid-day trading on Friday, hitting $5.45. The company’s stock had a trading volume of 470,274 shares, compared to its average volume of 433,687. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $5.11 and a fifty-two week high of $7.51. The firm has a 50-day moving average price of $5.53 and a 200 day moving average price of $5.88.

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.