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Western Asset High Income Opportunity Fund Inc. (HIO)

Financial Services | Asset Management | New York, United States | NYSE
3.74 USD +0.01 (0.403%) ⇧ (April 17, 2026, 3:34 p.m. EDT)

Short-term: ★★☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★☆☆☆
Hot Take | April 11, 2026, 3:12 p.m. EDT

HIO appears to be a high-yield fund with a current dividend yield of 11.58%, but the dividend payout ratio of 1.52 suggests that the fund is not sustainable in the long term. The recent price history shows a range between $3.52 and $4.05, with the current price at $3.68, which is near the 52-week low. The fund's price-to-book ratio of 0.90 indicates that it is trading at a discount to book value, which could be an opportunity for long-term investors. However, the recent news headlines suggest that the fund is struggling to cover its distribution and may need to cut dividends to slow NAV erosion. The short-term forecasting model indicates a very slight positive direction, but the low H-Stat and extremely low Ljung-Box p-value suggest that the model may not be reliable. Overall, HIO may not be a strong candidate for short-term trading or long-term investment, given the concerns around dividend sustainability and the fund's performance.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.013052
AutoTheta0.013415
AutoARIMA0.013447
AutoETS0.013447

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 79%
H-stat 0.87
Ljung-Box p 0.000
Jarque-Bera p 0.140
Excess Kurtosis 0.29
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-04-22
Last Dividend Date 2026-03-23
Revenue per Share 0.349
Market Cap 355,195,552
Trailing P/E 13.34
Beta 0.54
Profit Margins 78.84%
Website https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HIO

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.99% 11.95% 12.96% 12.67%
Dividend History
Date Dividend Yield %
2026-03-24 0.036 0.994475
2026-02-20 0.036 0.959383
2026-01-23 0.036 0.989345
2025-12-23 0.036 1.004323
2025-11-20 0.036 1.008592
2025-10-24 0.036 0.981286
2025-09-23 0.036 0.958124
2025-08-22 0.036 0.984090
2025-07-24 0.036 0.975696
2025-06-23 0.036 1.004731
2025-05-22 0.036 1.029864
2025-04-23 0.036 1.056112
2025-03-24 0.036 0.992833
2025-02-21 0.036 1.014183
2025-01-24 0.036 1.046819
2024-12-23 0.036 1.032761
2024-11-21 0.036 1.058116
2024-10-24 0.036 1.059775
2024-09-23 0.036 1.066768
2024-08-23 0.036 1.098456
2024-07-24 0.036 1.120043
2024-06-21 0.036 1.148254
2024-05-22 0.036 1.174564
2024-04-22 0.036 1.195395
2024-03-20 0.036 1.142651
2024-02-21 0.036 1.156015
2024-01-23 0.036 1.175594
2023-12-20 0.036 1.211253
2023-11-21 0.036 1.245419
2023-10-23 0.036 1.309852
2023-09-21 0.036 1.276899
2023-08-23 0.030 1.071442
2023-07-21 0.030 1.065833
2023-06-22 0.030 1.071399
2023-05-22 0.030 1.115047
2023-04-20 0.030 1.085853
2023-03-23 0.030 1.100156
2023-02-17 0.030 1.055995
2023-01-23 0.030 1.043069
2022-12-21 0.030 1.111058
2022-11-21 0.030 1.099692
2022-10-21 0.030 1.183891
2022-09-22 0.030 1.140667
2022-08-23 0.030 1.068639
2022-07-21 0.030 1.092386
2022-06-22 0.030 1.169639
2022-05-20 0.030 1.109163
2022-04-21 0.030 1.042850
2022-03-23 0.030 1.026413
2022-02-17 0.030 0.997469
2022-01-21 0.030 0.968227
2021-12-22 0.030 0.914918
2021-11-19 0.030 0.897485
2021-10-21 0.030 0.907871
2021-09-22 0.030 0.897544
2021-08-23 0.030 0.904386
2021-07-22 0.030 0.918256
2021-06-22 0.030 0.925357
2021-05-20 0.030 0.943391
2021-04-22 0.030 0.958241
2021-03-23 0.030 0.979235
2021-02-18 0.033 1.090124
2021-01-21 0.033 1.110734
2020-12-22 0.033 1.102503
2020-11-19 0.033 1.096627
2020-10-22 0.033 1.114893
2020-09-22 0.033 1.124580
2020-08-21 0.033 1.129742
2020-07-23 0.033 1.182155
2020-06-22 0.033 1.233914
2020-05-20 0.033 1.287097
2020-04-22 0.033 1.344762
2020-03-23 0.033 1.763313
2020-02-20 0.032 1.091646
2020-01-23 0.032 1.126202
2019-12-19 0.032 1.153493
2019-11-21 0.030 1.101420
2019-10-17 0.030 1.090515
2019-09-19 0.030 1.097045
2019-08-22 0.030 1.105752
2019-07-18 0.030 1.110105
2019-06-20 0.030 1.110105
2019-05-23 0.029 1.112282
2019-04-17 0.029 1.116599
2019-03-21 0.029 1.151101
2019-02-14 0.027 1.087170
2019-01-17 0.027 1.116708
2018-12-20 0.027 1.248580
2018-11-21 0.027 1.172771
2018-10-18 0.027 1.151697
2018-09-20 0.027 1.110370
2018-08-23 0.027 1.121239
2018-07-19 0.027 1.132286
2018-06-21 0.027 1.126905
2018-05-24 0.027 1.147440
2018-04-19 0.027 1.149086
2018-03-22 0.027 1.148340
2018-02-15 0.028 1.187695
2018-01-18 0.028 1.154177
2017-12-21 0.028 1.162860
2017-11-22 0.029 1.223250
2017-10-19 0.029 1.187396
2017-09-21 0.029 1.212989
2017-08-23 0.030 1.264445
2017-07-19 0.030 1.244922
2017-06-21 0.030 1.269419
2017-05-17 0.031 1.306609
2017-04-19 0.031 1.311852
2017-03-22 0.031 1.348466
2017-02-15 0.031 1.335653
2017-01-18 0.031 1.365013
2016-12-21 0.031 1.409665
2016-11-16 0.036 1.688487
2016-10-19 0.036 1.643004
2016-09-21 0.036 1.661678
2016-08-11 0.036 1.640682
2016-07-20 0.036 1.668987
2016-06-15 0.036 1.740336
2016-05-18 0.036 1.771663
2016-04-20 0.036 1.792637
2016-03-16 0.036 1.821634
2016-02-17 0.036 1.987332
2016-01-20 0.036 2.050762
2015-12-16 0.036 1.915180
2015-11-18 0.036 1.889448
2015-10-21 0.036 1.872258
2015-09-16 0.036 1.910326
2015-08-19 0.036 1.896784
2015-07-22 0.036 1.830681
2015-06-17 0.036 1.776300
2015-05-20 0.036 1.725445
2015-04-15 0.036 1.746764
2015-03-18 0.035 1.706515
2015-02-18 0.035 1.724164
2015-01-21 0.035 1.732192
2014-12-17 0.036 1.800100
2014-11-19 0.036 1.731391
2014-10-22 0.036 1.694019
2014-09-17 0.036 1.681187
2014-08-20 0.036 1.651861
2014-07-16 0.036 1.648039
2014-06-18 0.036 1.628058
2014-05-21 0.037 1.691540
2014-04-15 0.037 1.730206
2014-03-19 0.037 1.746721
2014-02-19 0.038 1.796015
2014-01-22 0.038 1.804380
2013-12-18 0.038 1.821847
2013-11-20 0.037 1.791191
2013-10-16 0.037 1.829798
2013-09-18 0.038 1.865726
2013-08-21 0.039 2.040338
2013-07-17 0.039 1.943790
2013-06-06 0.039 1.902392
2013-05-22 0.039 1.775369
2013-04-17 0.039 1.824591
2013-03-13 0.039 1.841256
2013-02-13 0.042 1.952525
2013-01-16 0.042 1.947125
2012-12-12 0.042 2.045500
2012-11-20 0.042 2.085244
2012-10-17 0.042 2.006598
2012-09-19 0.042 1.974277
2012-08-22 0.042 2.054012
2012-07-18 0.042 2.060787
2012-06-20 0.042 2.077294
2012-05-16 0.043 2.208408
2012-04-18 0.043 2.226971
2012-03-21 0.043 2.256433
2012-02-15 0.043 2.218607
2012-01-18 0.043 2.258062
2011-12-14 0.043 2.430855
2011-11-16 0.043 2.477861
2011-10-19 0.043 2.561623
2011-09-21 0.043 2.480860
2011-08-17 0.043 2.469577
2011-07-20 0.043 2.384286
2011-06-15 0.043 2.416058
2011-05-18 0.045 2.440034
2011-04-19 0.045 2.472230
2011-03-16 0.045 2.589853
2011-02-16 0.045 2.595887
2011-01-19 0.045 2.665921
2010-12-21 0.045 2.729892
2010-11-17 0.045 2.661945
2010-10-20 0.045 2.681535
2010-09-15 0.045 2.713946
2010-08-18 0.049 3.015556
2010-07-21 0.049 3.000412
2010-06-16 0.049 3.079189
2010-05-19 0.053 3.471723
2010-04-21 0.053 3.168102
2010-03-17 0.053 3.259332
2010-02-17 0.053 3.506434
2010-01-20 0.053 3.428826
2009-12-16 0.053 3.574146
2009-11-18 0.053 3.803571
2009-10-21 0.053 3.752918
2009-09-16 0.053 3.860644
2009-08-19 0.053 4.200836
2009-07-22 0.053 4.358484
2009-06-17 0.053 4.437944
2009-05-20 0.050 4.533900
2009-04-15 0.050 5.086713
2009-03-18 0.050 5.440159
2009-02-18 0.050 5.536779
2009-01-21 0.050 5.145222
2008-12-17 0.050 6.590491
2008-11-19 0.050 6.784888
2008-10-22 0.050 5.966915
2008-09-17 0.050 5.217943
2008-08-20 0.047 4.280192
2008-07-16 0.047 4.230045
2008-06-18 0.047 3.971816
2008-05-21 0.047 3.896025
2008-04-16 0.047 4.000879
2008-03-18 0.047 4.267168
2008-02-20 0.047 4.131423
2008-01-16 0.047 3.971501
2007-12-19 0.047 4.118808
2007-11-20 0.046 4.015171
2007-10-17 0.046 3.772540
2007-09-19 0.046 3.700816
2007-08-22 0.046 3.814961
2007-07-18 0.046 3.836732
2007-06-20 0.046 3.674043
2007-05-16 0.045 3.488740
2007-04-18 0.045 3.567699
2007-03-21 0.044 3.516483
2007-02-14 0.044 3.513532
2007-01-17 0.044 3.636192
2006-12-20 0.064 5.339650
2006-11-15 0.044 3.826657
2006-10-18 0.044 3.900811
2006-09-20 0.042 3.778723
2006-08-16 0.042 3.870926
2006-07-19 0.042 3.993218
2006-06-23 0.042 4.060932
2006-05-19 0.042 4.022457
2006-04-21 0.042 4.036832
2006-03-24 0.042 3.999320
2006-02-16 0.042 4.071967
2006-01-20 0.042 4.086450
2005-12-22 0.042 4.216176
2005-11-17 0.042 4.280795
2005-10-21 0.042 4.289438
2005-08-19 0.042 3.981981
2005-07-22 0.042 4.001475
2005-06-17 0.045 4.375127
2005-05-20 0.045 4.532152
2005-04-22 0.045 4.586757
2005-03-17 0.045 4.511467
2005-02-17 0.045 4.385413
2005-01-21 0.045 4.421704
2004-12-23 0.045 4.425047
2004-11-18 0.050 4.862228
2004-10-22 0.050 4.791759
2004-09-17 0.050 4.868598
2004-08-20 0.050 4.918370
2004-07-23 0.050 5.088381
2004-06-18 0.050 5.252836
2004-05-21 0.050 5.325833
2004-04-23 0.050 5.375760
2004-03-19 0.050 4.900999
2004-02-20 0.050 4.827093
2004-01-23 0.050 4.807043
2003-12-18 0.050 5.023430
2003-11-20 0.050 5.051785
2003-10-24 0.050 5.108575
2003-09-19 0.057 5.815448
2003-08-22 0.057 5.996558
2003-07-18 0.057 6.019556
2003-06-20 0.057 5.811625
2003-05-22 0.057 6.013122
2003-04-17 0.057 6.209349
2003-03-21 0.057 6.314404
2003-02-21 0.057 6.385512
2003-01-24 0.057 6.552991
2002-12-19 0.057 7.370828
2002-11-21 0.057 7.089069
2002-10-18 0.057 7.926736
2002-09-20 0.057 7.374285
2002-08-23 0.057 7.441830
2002-07-19 0.057 7.798797
2002-06-21 0.057 7.210983
2002-05-23 0.057 6.653248
2002-04-19 0.057 6.650383
2002-03-15 0.065 7.348706
2002-02-14 0.065 7.573277
2002-01-17 0.065 7.264617
2001-12-20 0.070 8.423568
2001-11-23 0.070 7.883262
2001-10-19 0.070 8.628588
2001-09-21 0.078 10.921710
2001-08-24 0.078 8.574553
2001-07-20 0.078 8.632563
2001-06-22 0.081 9.238210
2001-05-18 0.081 8.586857
2001-04-20 0.081 8.616761
2001-03-23 0.084 8.808585
2001-02-15 0.084 8.328978
2001-01-19 0.084 8.724346
2001-01-03 0.029 3.234586
2000-12-21 0.084 10.363548
2000-11-16 0.084 10.391693
2000-10-20 0.084 10.582091
2000-09-22 0.084 9.565492
2000-08-18 0.084 9.262974
2000-07-21 0.084 9.222091
2000-06-23 0.084 9.829727
2000-05-19 0.084 10.436827
2000-04-20 0.084 10.619655
2000-03-24 0.084 10.566392
2000-02-17 0.084 10.592433
2000-01-21 0.084 10.390982
1999-12-22 0.084 10.794423
1999-11-18 0.084 10.443211
1999-10-22 0.084 10.922135
1999-09-17 0.084 10.568499
1999-08-20 0.084 10.308093
1999-07-23 0.084 9.507360
1999-06-18 0.086 9.578142
1999-05-21 0.086 9.656764
1999-04-23 0.086 9.794202
1999-03-19 0.086 9.531082
1999-02-19 0.086 9.954298
1999-01-22 0.086 10.036998
1998-12-17 0.086 9.999906
1998-11-19 0.089 9.902677
1998-10-23 0.089 10.038369
1998-09-18 0.089 10.415677
1998-08-21 0.089 9.706914
1998-07-24 0.089 9.625303
1998-06-19 0.089 9.596284
1998-05-21 0.089 9.875906
1998-04-17 0.089 9.491608
1998-03-20 0.089 9.864229
1998-02-20 0.093 9.716654
1998-01-23 0.093 9.739830
1997-12-29 0.093 10.059522
1997-12-18 0.093 10.135308
1997-11-20 0.093 10.159964
1997-10-24 0.093 10.446092
1997-09-19 0.093 10.365722
1997-08-22 0.093 10.604083
1997-07-18 0.093 10.470012
1997-06-20 0.093 10.821200
1997-05-22 0.093 11.134410
1997-04-18 0.093 11.462699
1997-03-20 0.093 11.432202
1997-02-21 0.093 11.340534
1997-01-24 0.093 11.736342
1996-12-19 0.093 12.156777
1996-11-21 0.093 12.256997
1996-10-18 0.093 12.425567
1996-09-20 0.093 12.668178
1996-08-23 0.093 12.560909
1996-07-19 0.093 13.024239
1996-06-21 0.093 13.439475
1996-05-23 0.093 13.400922
1996-04-19 0.093 13.516515
1996-03-22 0.093 13.476870
1996-02-15 0.093 13.216313
1996-01-19 0.093 13.863908
1995-12-21 0.093 14.481478
1995-11-16 0.093 14.185640
1995-10-20 0.093 14.225780
1995-09-22 0.093 14.598791
1995-08-18 0.280 44.597736
1994-10-12 0.096 16.082931
1994-09-16 0.096 15.572866
1994-08-10 0.096 15.621270
1994-07-13 0.096 15.403145
1994-06-15 0.096 15.363099
1994-05-11 0.096 16.216040
1994-04-13 0.096 16.167623
1994-03-09 0.096 14.778010
1994-02-09 0.096 14.300113
1994-01-11 0.096 14.411903
1993-12-17 0.054 8.251327
1993-12-16 0.096 14.585347
Additional Data
dividendRate 0.43
dividendYield 11.45
exDividendDate 2026-04-23
trailingAnnualDividendRate 0.426
trailingAnnualDividendYield 0.11451613
lastDividendValue 0.036
lastDividendDate 2026-03-24
dividendDate 2019-03-01

Info Dump

Attribute Value
52 Week Change -0.0026809573
Address1 One Madison Avenue
Address2 17th Floor
All Time High 12.875
All Time Low 2.57
Ask 3.75
Ask Size 9,100
Average Daily Volume10 Day 338,060
Average Daily Volume3 Month 387,921
Average Volume 387,921
Average Volume10Days 338,060
Beta 0.539
Bid 3.74
Bid Size 9,900
Book Value 4.08
City New York
Country United States
Crypto Tradeable 0
Currency USD
Current Price 3.735
Current Ratio 0.532
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 3.75
Day Low 3.725
Display Name Western Asset High Income Opportunity Fund
Dividend Date 1,551,398,400
Dividend Rate 0.43
Dividend Yield 11.45
Earnings Growth 0.064
Earnings Quarterly Growth 0.064
Earnings Timestamp End 1,748,516,340
Earnings Timestamp Start 1,748,516,340
Ebitda Margins 0.0
Enterprise To Revenue 10.653
Enterprise Value 353,487,648
Eps Trailing Twelve Months 0.28
Esg Populated 0
Ex Dividend Date 1,776,902,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 3.7094
Fifty Day Average Change 0.025599957
Fifty Day Average Change Percent 0.006901374
Fifty Two Week Change Percent -0.26809573
Fifty Two Week High 4.05
Fifty Two Week High Change -0.3150003
Fifty Two Week High Change Percent -0.07777785
Fifty Two Week Low 3.52
Fifty Two Week Low Change 0.21499991
Fifty Two Week Low Change Percent 0.06107952
Fifty Two Week Range 3.52 - 4.05
Financial Currency USD
First Trade Date Milliseconds 753,460,200,000
Five Year Avg Dividend Yield 9.6
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 33,181,920
Has Pre Post Market Data 1
Held Percent Insiders 0.00018999999
Held Percent Institutions 0.31906998
Implied Shares Outstanding 95,099,215
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,774,310,400
Last Dividend Value 0.036
Last Fiscal Year End 1,759,190,400
Long Business Summary Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It seeks to invest in high-yielding corporate debt obligations. The fund seeks to maintain an average duration of around four years with an average credit quality of B. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. The fund was formerly known as High Income Opportunity Fund. Western Asset High Income Opportunity Fund Inc. was formed on November 16, 1993 and is domiciled in the United States.
Long Name Western Asset High Income Opportunity Fund Inc.
Market us_market
Market Cap 355,195,552
Market State REGULAR
Max Age 86,400
Message Board Id finmb_6166474
Most Recent Quarter 1,759,190,400
Net Income To Common 26,162,202
Next Fiscal Year End 1,790,726,400
Non Diluted Market Cap 353,769,079
Open 3.73
Operating Margins 0.88642
Payout Ratio 1.5214
Phone 800-822-5544
Previous Close 3.72
Price Hint 4
Price To Book 0.91544116
Price To Sales Trailing12 Months 10.704491
Profit Margins 0.78845
Quick Ratio 0.51
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0149998665
Regular Market Change Percent 0.4032222
Regular Market Day High 3.75
Regular Market Day Low 3.725
Regular Market Day Range 3.725 - 3.75
Regular Market Open 3.73
Regular Market Previous Close 3.72
Regular Market Price 3.735
Regular Market Time 1,776,454,482
Regular Market Volume 457,575
Return On Assets 0.045760002
Return On Equity 0.066199996
Revenue Growth -0.074
Revenue Per Share 0.349
Sand P52 Week Change 0.36506534
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 95,099,215
Shares Percent Shares Out 0.0029
Shares Short 206,458
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 119,224
Short Name Western Asset High Income Oppor
Short Ratio 0.99
Source Interval 15
State NY
Symbol HIO
Total Cash 281,425
Total Cash Per Share 0.003
Total Debt 0
Total Revenue 33,181,920
Tradeable 0
Trailing Annual Dividend Rate 0.426
Trailing Annual Dividend Yield 0.11451613
Trailing Eps 0.28
Trailing P E 13.339285
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 3.8205
Two Hundred Day Average Change -0.0855
Two Hundred Day Average Change Percent -0.022379272
Type Disp Equity
Volume 457,575
Website https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HIO
Zip 10,010