Highland Funds I – Highland Income Fund (NYSE:HFRO) to Issue Monthly Dividend of $0.08

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Highland Funds I – Highland Income Fund (NYSE:HFROGet Rating) declared a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Shareholders of record on Tuesday, May 24th will be given a dividend of 0.077 per share on Tuesday, May 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.71%. The ex-dividend date is Monday, May 23rd.

NYSE:HFRO opened at $11.98 on Thursday. Highland Funds I – Highland Income Fund has a twelve month low of $9.66 and a twelve month high of $12.23. The stock’s 50 day moving average price is $11.74 and its two-hundred day moving average price is $11.39.

Several hedge funds have recently bought and sold shares of HFRO. Millennium Management LLC acquired a new position in shares of Highland Funds I – Highland Income Fund during the 3rd quarter worth approximately $401,000. NewEdge Advisors LLC bought a new stake in Highland Funds I – Highland Income Fund in the 4th quarter valued at $349,000. Walleye Trading LLC bought a new stake in Highland Funds I – Highland Income Fund in the 4th quarter valued at $180,000. Bank of America Corp DE boosted its stake in Highland Funds I – Highland Income Fund by 291.4% in the 2nd quarter. Bank of America Corp DE now owns 19,842 shares of the company’s stock valued at $216,000 after purchasing an additional 14,773 shares during the period. Finally, MML Investors Services LLC bought a new stake in Highland Funds I – Highland Income Fund in the 4th quarter valued at $129,000.

Highland Funds I – Highland Income Fund Company Profile (Get Rating)

Highland Funds I – 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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