News: Investors seeking income often turn to dividend-paying funds. One such fund is the Highland Opportunities and Income Fund (HFRO). In this article, we’ll explore HFRO’s dividend history, upcoming record date, share price, and more.
What Is HFRO?
HFRO is an investment fund that primarily focuses on generating income for its shareholders. It invests in a diversified portfolio of assets, including high-yield bonds, preferred stocks, and other income-generating securities.
Investment Focus:
HFRO diversifies its portfolio across various asset classes, including:
- Real Estate Securities
- Secured and Unsecured Fixed-Rate Loans
- Corporate Bonds
- Mezzanine Securities
- Structured Products
- Convertible and Preferred Securities
- Equities (Public and Private)
- Futures and Options
- Floating Rate Investments
Minimum Real Estate Exposure: At least 25% of its assets are invested in securities or instruments directly or indirectly secured by real estate.
Dividend History
HFRO pays dividends on a monthly basis. As of now, the most recent dividend declared is $0.0385 per share. This consistent monthly payout can be attractive for income-seeking investors.
Record Date and Ex-Dividend Date
The record date for HFRO’s upcoming dividend is February 21, 2024. On this date, the fund will determine which shareholders are eligible to receive the dividend. If you own HFRO shares on or before this date, you’ll qualify for the dividend payment.
The ex-dividend date is February 21, 2024. If you buy HFRO shares on or after this date, you won’t receive the upcoming dividend. Therefore, investors looking to capture the dividend should consider purchasing shares before the ex-dividend date.
Share Price and Yield
As of the latest available data, HFRO’s share price is approximately $6.93. The fund’s dividend yield stands at 3.18%, which is calculated by dividing the annual dividend by the share price. Keep in mind that share prices can fluctuate, affecting the yield.
Additional Resources
For those hungry for more information, explore Highland Opportunities and Income Fund on:
For LinkedIn – https://www.linkedin.com/company/highland-investment-advisors-llc
HFRO offers a steady stream of monthly dividends, making it an appealing choice for income-focused investors. Remember to mark your calendar for the upcoming record date and consider the ex-dividend date when planning your investment strategy.
Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.
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