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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) declared a monthly dividend on Thursday, May 14th. Investors of record on Friday, July 24th will be given a dividend of 0.095 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Friday, July 24th.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of NYSE HYI traded up $0.03 during mid-day trading on Thursday, hitting $10.72. The stock had a trading volume of 21,208 shares, compared to its average volume of 58,276. The company has a 50 day moving average of $10.82 and a two-hundred day moving average of $11.04. Western Asset High Yield Defined Opportunity Fund has a twelve month low of $10.44 and a twelve month high of $12.13.

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.