Highland Funds I – Highland Opportunities and Income Fund (HFRO) to Issue Monthly Dividend of $0.04 on December 31st

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Tuesday, December 3rd,Wall Street Journal reports. Shareholders of record on Tuesday, December 24th will be given a dividend of 0.0385 per share on Tuesday, December 31st. This represents a $0.46 annualized dividend and a yield of 7.98%. The ex-dividend date is Tuesday, December 24th. This is a positive change from Highland Funds I – Highland Opportunities and Income Fund’s previous monthly dividend of $0.04.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of NYSE HFRO remained flat at $5.79 during mid-day trading on Thursday. The stock had a trading volume of 319,011 shares, compared to its average volume of 292,100. The stock has a 50 day moving average price of $5.76 and a 200-day moving average price of $6.01. Highland Funds I – Highland Opportunities and Income Fund has a 12 month low of $5.16 and a 12 month high of $8.93.

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.