Western Asset High Yield Defined Opportunity Fund Inc. (HYI)

NYSE: HYI · Real-Time Price · USD
12.33
-0.01 (-0.08%)
Oct 10, 2024, 4:00 PM EDT - Market closed
-0.08%
Market Value 279.40M
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 (9.23%)
Ex-Dividend Date Nov 21, 2024
Volume 30,618
Open 12.33
Previous Close 12.34
Day's Range 12.30 - 12.38
52-Week Range 10.99 - 12.44
Beta 0.64
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]

Sector Financials
Founded 2010
Country United States
Stock Exchange NYSE
Ticker Symbol HYI
Full Company Profile

News

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 ...

22 days ago - Seeking Alpha

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...

Other symbols: EGFJPIPFORSF
3 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 29, 2024

NEW YORK--(BUSINESS WIRE)--Category: Financials.

5 months ago - Business Wire

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 ...

7 months ago - Seeking Alpha

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) Announces Portfolio Management Team Update

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

7 months ago - Business Wire

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.

Other symbols: HIXWDI
8 months ago - Seeking Alpha

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

Other symbols: DMOEHIGDOHIOHIXIGIMHF
8 months ago - Business Wire

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...

10 months ago - Seeking Alpha

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...

Other symbols: BBNBDJBGTCAFDSUETXFMY
10 months ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

10 Big 9%+ Dividends 'Basic' Investors Have Missed

Too many folks are letting so-called “safe” yields on Treasuries distract them from the real action these days: 10 “stealth” bond plays yielding way more!

Other symbols: BGHEADGHYHIOHYTISDKIO
1 year ago - Forbes

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...

Other symbols: BWGCEMDMOEHIEMDEMOGDO
2 years ago - Business Wire

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.

2 years ago - Seeking Alpha

Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of August 31, 2022

NEW YORK--(BUSINESS WIRE)--Category: Financials

2 years ago - Business Wire

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...

2 years ago - Seeking Alpha

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.

2 years ago - Seeking Alpha

The 'High-High-Low' Closed-End Fund Report, July 2022

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

Other symbols: BGBBGHBGXBSLDCFDFPDHF
2 years ago - Seeking Alpha

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of September, October, and November 2022

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related

Other symbols: DMOEHIGDOHIOHIXIGIMHF
2 years ago - Business Wire

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...

2 years ago - Business Wire

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...

Other symbols: HYB
2 years ago - Seeking Alpha

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of March, April and May 2022

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related

Other symbols: DMOEHIGDOHIOHIXIGIMHF
2 years ago - Business Wire

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.

Other symbols: UTF
3 years ago - Seeking Alpha

CEF Weekly Market Review: Beware Of The Free CEF Lunch

We review CEF market valuation and performance over the third full week of October and highlight recent market events. Equity-linked CEF sectors have been supported by strength in equities while highe...

Other symbols: EDFEICFMYPTY
3 years ago - Seeking Alpha