KKR Income Opportunities Fund (NYSE:KIO) to Issue $0.12 Monthly Dividend

KKR Income Opportunities Fund (NYSE:KIO) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.1215 per share by the investment management company on Monday, March 31st. This represents a $1.46 annualized dividend and a yield of 11.14%. The ex-dividend date of this dividend is Friday, March 14th.

KKR Income Opportunities Fund has decreased its dividend by an average of 0.8% per year over the last three years.

KKR Income Opportunities Fund Trading Down 0.8 %

KIO stock traded down $0.11 during midday trading on Wednesday, hitting $13.09. 231,530 shares of the company traded hands, compared to its average volume of 129,540. KKR Income Opportunities Fund has a twelve month low of $12.30 and a twelve month high of $15.09. The business has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $14.02.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.