Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Increases Dividend to $0.04 Per Share

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.0385 per share on Monday, September 30th. This represents a $0.46 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Monday, September 23rd. 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

HFRO stock opened at $6.28 on Friday. The firm has a 50 day moving average of $6.05 and a two-hundred day moving average of $6.28. Highland Funds I – Highland Opportunities and Income Fund has a 12 month low of $5.71 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.