Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Declares $0.04 Monthly Dividend

Posted by Trina Covell on Apr 3rd, 2025

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Get Free Report) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, April 23rd will be given a dividend of 0.0385 per share on Wednesday, April 30th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Highland Funds I – Highland Opportunities and Income Fund has decreased its dividend by an average of 20.6% annually over the last three years.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

NYSE HFRO opened at $5.14 on Thursday. The business has a 50 day simple moving average of $5.52 and a 200 day simple moving average of $5.63. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $4.88 and a 52-week high of $6.92.

Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund

A hedge fund recently bought a new stake in Highland Funds I – Highland Opportunities and Income Fund stock. Bank of America Corp DE purchased a new stake in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,245 shares of the company’s stock, valued at approximately $100,000.

About Highland Funds I – Highland Opportunities and Income Fund

(Get Free Report)

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.