HIO Ex-Dividend Reminder - 10/16/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, Western Asset High Income Opportunity Fund ( HIO) will trade ex-dividend, for its monthly dividend of $0.0375, payable on 10/25/13. As a percentage of HIO's recent stock price of $5.92, this dividend works out to approximately 0.63%, so look for shares of Western Asset High Income Opportunity Fund to trade 0.63% lower — all else being equal — when HIO shares open for trading on 10/16/13.

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Below is a dividend history chart for HIO, showing historical dividends prior to the most recent $0.0375 declared by Western Asset High Income Opportunity Fund:

HIO+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HIO is likely to continue, and whether the current estimated yield of 7.60% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HIO shares, versus its 200 day moving average:

Western Asset High Income Opportunity Fund 200 Day Moving Average Chart

Looking at the chart above, HIO's low point in its 52 week range is $4.72 per share, with $6.84 as the 52 week high point — that compares with a last trade of $5.92.
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