Western Asset High Yield Defined Opportunity Fund Inc. (HYI)
| Market Value | 271.93M |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 22.66M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.14 (9.50%) |
| Ex-Dividend Date | Feb 21, 2025 |
| Volume | 63,164 |
| Open | 11.98 |
| Previous Close | 12.01 |
| Day's Range | 11.95 - 12.06 |
| 52-Week Range | 11.38 - 12.44 |
| Beta | 0.63 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About HYI
Western Asset High Yield Defined Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited. It invests fixed income markets across the globe. The fund invests in high-yield corporate fixed income securities with varying maturities. It invests in below investment grade fixed income securities. ... [Read more]
News
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of August 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Ideas For Managing CEF Discount Volatility
Volatility in the closed-end fund, or CEF, market has recently increased, while tight discounts create a point of vulnerability for the market. We discuss various strategies investors can use to make ...
Current Alpha Opportunities In The CEF Space
With market valuations back to expensive levels, we are looking at a number of alpha strategies in the CEF space. These include interval and term funds, relative value as well as leaning against inves...
HYI: Discounted High Yield Term Fund
Western Asset High Yield Defined Opportunity Fund is a term-structured, non-leveraged high-yield fund that is expected to liquidate in 2025. As the termination date approaches, the HYI fund's discount...
HYI: Term CEF Lacking A Matched Collateral Base
Western Asset High Yield Defined Opportunity Fund is a fixed-income CEF with a term maturity date of September 30, 2025. The fund's holdings do not match the maturity profile, leading to significant m...
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 29, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
HYI: This High-Yielding Junk Bond Fund Could Be A Decent Holding
Western Asset High Yield Defined Opportunity Fund is a closed-end fund scheduled to be liquidated in 18 months. The fund's current yield of 9.52% compares well to similar options in the market. HYI's ...
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
HIX: Better Valuation After Rights Offering, But Questionable Track Record
The Western Asset High Income Fund II is undergoing a rights offering, which has pushed the fund to a deep discount.
HYI: High Yield Fund With A ~9.6% Distribution Rate
The Western Asset High Yield Defined Opportunity Fund offers investors exposure to high-yield corporate debt. The fund provides a respectable yield with relatively strong distribution coverage despite...
CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities
Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, mea...
HYI: No Leverage, No Problems
Leveraged closed-end funds are facing headwinds of rising costs associated with leverage in a higher interest rate environment. The Western Asset High Yield Defined Opportunity Fund offers exposure to...
Certain Closed End Funds Advised by Legg Mason Partners Fund Advisor, LLC Announce Appointment of New Lead Independent Director
The Board of each Fund announced today the appointment of Eileen Kamerick as Lead Independent Director, effective November 8, 2022. Ms. Kamerick replaces William Hutchinson, the former Lead Independen...
HYI: When High Returns Are Not Forever
HYI is a fixed-income closed-end fund. What makes HYI stand out is its term structure, with the fund set to terminate on or about September 30, 2025.
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of August 31, 2022
NEW YORK--(BUSINESS WIRE)--Category: Financials
These 5 CEF Types Are Less Vulnerable To The Spike In Short-Term Rates
The market environment of high volatility and rising short-term rates has lowered the income-generating capacity of most CEFs. In this article, we highlight the five types of CEFs whose incomes have e...
HYI: High Yield Fund, No Leverage, Attractive Monthly Distribution
HYI is a non-leveraged fund that operates in the high-yield space. During times of volatility and higher interest rates, no leverage can be a benefit.
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 28, 2022
NEW YORK--(BUSINESS WIRE)--Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) today announced the financial position of the Fund as of February 28, 2022. Current Q Previous Q Prior Y...
HYI And HYB: 2 High Yield Bond Funds Worth A Look
HYI and HYB both offer exposure to a portfolio in the high yield space; high yield bonds provide reduced interest rate sensitivity. One of the primary differences is that HYB is leveraged while HYI is...
Closed-End Funds HYI And UTF: Letting Valuation Guide Your Investing
HYI and UTF are prime example of why discounts/premiums matter with closed-end funds. Sometimes the valuations take longer to play out than others; HYI's example happened quite quickly.