Highland Funds I â€“ Highland Income Fund (NYSE:HFRO) announced a monthly dividend on Wednesday, January 6th, Wall Street Journal reports. Shareholders of record on Friday, January 22nd will be paid a dividend of 0.077 per share on Friday, January 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend is Thursday, January 21st.
Shares of HFRO traded down $0.06 during midday trading on Wednesday, reaching $10.17. The company had a trading volume of 906,274 shares, compared to its average volume of 787,025. Highland Funds I â€“ Highland Income Fund has a 1-year low of $7.02 and a 1-year high of $12.85. The firm has a 50 day simple moving average of $9.59 and a 200-day simple moving average of $8.67.
About Highland Funds I â€“ Highland Income Fund
Highland Funds I â€“ Highland Floating Rate Opportunities 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.
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