Western Asset High Yield Defined Opportunity Fund Inc. Announces Monthly Dividend of $0.10 (NYSE:HYI)

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.095 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Thursday, May 21st.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.2%

Shares of HYI traded down $0.02 during mid-day trading on Monday, hitting $11.12. 92,864 shares of the company’s stock were exchanged, compared to its average volume of 44,908. The stock’s 50-day simple moving average is $11.14 and its 200-day simple moving average is $11.42. Western Asset High Yield Defined Opportunity Fund has a 52 week low of $10.87 and a 52 week high of $12.18.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.