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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 8.01%. The ex-dividend date 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 Trading Down 0.3 %

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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.