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Western Asset High Income Opportunity Fund Inc. (HIO)

Financial Services | Asset Management | New York, United States | NYSE
3.63 USD -0.02 (-0.548%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 3.64 +0.01 (0.275%) ⇧ (July 13, 2026, 5:28 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★☆☆☆Dividends:★⯪☆☆☆
Hot Take ↕ | July 11, 2026, 5:13 a.m. EDT

The immediate outlook is flat to slightly negative, driven by a high-confidence statistical model predicting a minor price decline over the next month and a lack of recent upward momentum relative to moving averages. While the fund recently posted a positive annual return, the broader nine-year trajectory remains significantly depressed, reflecting persistent structural challenges in the asset management sector. The most critical red flag is the dividend sustainability; the payout ratio exceeds 100%, indicating the fund is distributing more cash than it earns, which is a clear warning of NAV erosion rather than true income generation. This unsustainable payout, combined with the long-term price drag and recent manager departures, suggests the current yield is a trap rather than a safety.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.009066
AutoETS0.010396
MSTL0.012193
AutoARIMA0.012414

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 66%
H-stat 0.47
Ljung-Box p 0.000
Jarque-Bera p 0.680
Excess Kurtosis -0.61
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-07-23
Last Dividend Date 2026-06-22
Revenue per Share 0.346
Market Cap 345,210,176
Trailing P/E 12.10
Beta 0.51
Profit Margins 84.13%
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
1.00% 11.51% 11.19% 10.10%
Dividend History
Date Dividend Yield %
2026-06-23 0.036 1.000000
2026-05-21 0.036 0.994475
2026-04-23 0.036 0.989011
2026-03-24 0.036 0.994475
2026-02-20 0.036 0.949868
2026-01-23 0.036 0.970350
2025-12-23 0.036 0.975610
2025-11-20 0.036 0.970350
2025-10-24 0.036 0.935065
2025-09-23 0.036 0.904523
2025-08-22 0.036 0.920716
2025-07-24 0.036 0.904523
2025-06-23 0.036 0.923077
2025-05-22 0.036 0.937500
2025-04-23 0.036 0.952381
2025-03-24 0.036 0.886700
2025-02-21 0.036 0.897756
2025-01-24 0.036 0.918367
2024-12-23 0.036 0.897756
2024-11-21 0.036 0.911392
2024-10-24 0.036 0.904523
2024-09-23 0.036 0.902256
2024-08-23 0.036 0.920716
2024-07-24 0.036 0.930233
2024-06-21 0.036 0.944882
2024-05-22 0.036 0.957447
2024-04-22 0.036 0.965147
2024-03-20 0.036 0.913706
2024-02-21 0.036 0.916031
2024-01-23 0.036 0.923077
2023-12-20 0.036 0.942408
2023-11-21 0.036 0.960000
2023-10-23 0.036 1.000000
2023-09-21 0.036 0.965147
2023-08-23 0.030 0.802139
2023-07-21 0.030 0.791557
2023-06-22 0.030 0.789474
2023-05-22 0.030 0.815217
2023-04-20 0.030 0.787402
2023-03-23 0.030 0.791557
2023-02-17 0.030 0.753769
2023-01-23 0.030 0.738916
2022-12-21 0.030 0.781250
2022-11-21 0.030 0.767263
2022-10-21 0.030 0.819672
2022-09-22 0.030 0.783290
2022-08-23 0.030 0.728155
2022-07-21 0.030 0.738916
2022-06-22 0.030 0.785340
2022-05-20 0.030 0.738916
2022-04-21 0.030 0.689655
2022-03-23 0.030 0.674157
2022-02-17 0.030 0.650759
2022-01-21 0.030 0.627615
2021-12-22 0.030 0.589391
2021-11-19 0.030 0.574713
2021-10-21 0.030 0.578035
2021-09-22 0.030 0.568182
2021-08-23 0.030 0.569260
2021-07-22 0.030 0.574713
2021-06-22 0.030 0.575816
2021-05-20 0.030 0.583658
2021-04-22 0.030 0.589391
2021-03-23 0.030 0.598802
2021-02-18 0.033 0.662651
2021-01-21 0.033 0.670732
2020-12-22 0.033 0.661323
2020-11-19 0.033 0.653465
2020-10-22 0.033 0.660000
2020-09-22 0.033 0.661323
2020-08-21 0.033 0.660000
2020-07-23 0.033 0.686071
2020-06-22 0.033 0.711207
2020-05-20 0.033 0.736607
2020-04-22 0.033 0.763889
2020-03-23 0.033 0.993976
2020-02-20 0.032 0.609524
2020-01-23 0.032 0.625000
2019-12-19 0.032 0.636183
2019-11-21 0.030 0.603622
2019-10-17 0.030 0.594059
2019-09-19 0.030 0.594059
2019-08-22 0.030 0.595238
2019-07-18 0.030 0.594059
2019-06-20 0.030 0.590551
2019-05-23 0.029 0.588235
2019-04-17 0.029 0.587045
2019-03-21 0.029 0.601660
2019-02-14 0.027 0.564854
2019-01-17 0.027 0.576923
2018-12-20 0.027 0.641330
2018-11-21 0.027 0.598670
2018-10-18 0.027 0.584416
2018-09-20 0.027 0.560166
2018-08-23 0.027 0.562500
2018-07-19 0.027 0.564854
2018-06-21 0.027 0.559006
2018-05-24 0.027 0.566038
2018-04-19 0.027 0.563674
2018-03-22 0.027 0.560166
2018-02-15 0.028 0.576132
2018-01-18 0.028 0.556660
2017-12-21 0.028 0.557769
2017-11-22 0.029 0.583501
2017-10-19 0.029 0.563107
2017-09-21 0.029 0.571992
2017-08-23 0.030 0.592885
2017-07-19 0.030 0.580271
2017-06-21 0.030 0.588235
2017-05-17 0.031 0.601942
2017-04-19 0.031 0.600775
2017-03-22 0.031 0.613861
2017-02-15 0.031 0.604288
2017-01-18 0.031 0.613861
2016-12-21 0.031 0.630081
2016-11-16 0.036 0.750000
2016-10-19 0.036 0.724346
2016-09-21 0.036 0.727273
2016-08-11 0.036 0.712871
2016-07-20 0.036 0.720000
2016-06-15 0.036 0.745342
2016-05-18 0.036 0.753138
2016-04-20 0.036 0.756302
2016-03-16 0.036 0.762712
2016-02-17 0.036 0.825688
2016-01-20 0.036 0.845070
2015-12-16 0.036 0.782609
2015-11-18 0.036 0.765957
2015-10-21 0.036 0.753138
2015-09-16 0.036 0.762712
2015-08-19 0.036 0.751566
2015-07-22 0.036 0.720000
2015-06-17 0.036 0.693642
2015-05-20 0.036 0.669145
2015-04-15 0.036 0.672897
2015-03-18 0.035 0.652985
2015-02-18 0.035 0.655431
2015-01-21 0.035 0.654206
2014-12-17 0.036 0.675422
2014-11-19 0.036 0.645161
2014-10-22 0.036 0.627178
2014-09-17 0.036 0.618557
2014-08-20 0.036 0.604027
2014-07-16 0.036 0.599002
2014-06-18 0.036 0.588235
2014-05-21 0.037 0.607553
2014-04-15 0.037 0.617696
2014-03-19 0.037 0.619766
2014-02-19 0.038 0.633333
2014-01-22 0.038 0.632280
2013-12-18 0.038 0.634391
2013-11-20 0.037 0.619766
2013-10-16 0.037 0.629252
2013-09-18 0.038 0.637584
2013-08-21 0.039 0.692718
2013-07-17 0.039 0.655462
2013-06-06 0.039 0.637255
2013-05-22 0.039 0.590909
2013-04-17 0.039 0.603715
2013-03-13 0.039 0.605590
2013-02-13 0.042 0.638298
2013-01-16 0.042 0.632530
2012-12-12 0.042 0.660377
2012-11-20 0.042 0.668790
2012-10-17 0.042 0.639269
2012-09-19 0.042 0.625000
2012-08-22 0.042 0.646154
2012-07-18 0.042 0.644172
2012-06-20 0.042 0.645161
2012-05-16 0.043 0.681458
2012-04-18 0.043 0.682540
2012-03-21 0.043 0.686901
2012-02-15 0.043 0.670827
2012-01-18 0.043 0.678233
2011-12-14 0.043 0.725126
2011-11-16 0.043 0.733788
2011-10-19 0.043 0.753065
2011-09-21 0.043 0.723906
2011-08-17 0.043 0.715474
2011-07-20 0.043 0.685805
2011-06-15 0.043 0.690209
2011-05-18 0.045 0.692308
2011-04-19 0.045 0.696594
2011-03-16 0.045 0.724638
2011-02-16 0.045 0.721154
2011-01-19 0.045 0.735294
2010-12-21 0.045 0.747508
2010-11-17 0.045 0.723473
2010-10-20 0.045 0.723473
2010-09-15 0.045 0.726979
2010-08-18 0.049 0.801964
2010-07-21 0.049 0.791599
2010-06-16 0.049 0.805921
2010-05-19 0.053 0.901361
2010-04-21 0.053 0.815385
2010-03-17 0.053 0.832025
2010-02-17 0.053 0.887772
2010-01-20 0.053 0.860390
2009-12-16 0.053 0.889262
2009-11-18 0.053 0.938053
2009-10-21 0.053 0.916955
2009-09-16 0.053 0.934744
2009-08-19 0.053 1.007605
2009-07-22 0.053 1.035156
2009-06-17 0.053 1.043307
2009-05-20 0.050 1.054852
2009-04-15 0.050 1.170960
2009-03-18 0.050 1.237624
2009-02-18 0.050 1.243781
2009-01-21 0.050 1.141552
2008-12-17 0.050 1.445087
2008-11-19 0.050 1.466276
2008-10-22 0.050 1.272265
2008-09-17 0.050 1.098901
2008-08-20 0.047 0.891841
2008-07-16 0.047 0.873606
2008-06-18 0.047 0.813149
2008-05-21 0.047 0.791246
2008-04-16 0.047 0.806175
2008-03-18 0.047 0.852995
2008-02-20 0.047 0.818815
2008-01-16 0.047 0.780731
2007-12-19 0.047 0.803419
2007-11-20 0.046 0.777027
2007-10-17 0.046 0.724409
2007-09-19 0.046 0.705521
2007-08-22 0.046 0.722135
2007-07-18 0.046 0.721003
2007-06-20 0.046 0.685544
2007-05-16 0.045 0.646552
2007-04-18 0.045 0.656934
2007-03-21 0.044 0.643275
2007-02-14 0.044 0.638607
2007-01-17 0.044 0.656716
2006-12-20 0.064 0.958084
2006-11-15 0.044 0.680062
2006-10-18 0.044 0.688576
2006-09-20 0.042 0.662461
2006-08-16 0.042 0.674157
2006-07-19 0.042 0.690789
2006-06-23 0.042 0.697674
2006-05-19 0.042 0.686275
2006-04-21 0.042 0.684039
2006-03-24 0.042 0.673077
2006-02-16 0.042 0.680713
2006-01-20 0.042 0.678514
2005-12-22 0.042 0.695364
2005-11-17 0.042 0.701169
2005-10-21 0.042 0.697674
2005-08-19 0.042 0.643185
2005-07-22 0.042 0.642202
2005-06-17 0.045 0.697674
2005-05-20 0.045 0.717703
2005-04-22 0.045 0.721154
2005-03-17 0.045 0.704225
2005-02-17 0.045 0.679758
2005-01-21 0.045 0.680787
2004-12-23 0.045 0.676692
2004-11-18 0.050 0.738552
2004-10-22 0.050 0.722543
2004-09-17 0.050 0.728863
2004-08-20 0.050 0.730994
2004-07-23 0.050 0.750751
2004-06-18 0.050 0.769231
2004-05-21 0.050 0.773994
2004-04-23 0.050 0.775194
2004-03-19 0.050 0.701262
2004-02-20 0.050 0.685871
2004-01-23 0.050 0.678426
2003-12-18 0.050 0.704225
2003-11-20 0.050 0.703235
2003-10-24 0.050 0.706215
2003-09-19 0.057 0.798319
2003-08-22 0.057 0.816619
2003-07-18 0.057 0.813124
2003-06-20 0.057 0.778689
2003-05-22 0.057 0.799439
2003-04-17 0.057 0.818966
2003-03-21 0.057 0.826087
2003-02-21 0.057 0.828488
2003-01-24 0.057 0.843195
2002-12-19 0.057 0.940594
2002-11-21 0.057 0.896226
2002-10-18 0.057 0.993031
2002-09-20 0.057 0.914928
2002-08-23 0.057 0.914928
2002-07-19 0.057 0.950000
2002-06-21 0.057 0.870229
2002-05-23 0.057 0.796089
2002-04-19 0.057 0.789474
2002-03-15 0.065 0.865513
2002-02-14 0.065 0.884354
2002-01-17 0.065 0.840880
2001-12-20 0.070 0.966851
2001-11-23 0.070 0.896287
2001-10-19 0.070 0.972222
2001-09-21 0.078 1.218750
2001-08-24 0.078 0.945455
2001-07-20 0.078 0.943168
2001-06-22 0.081 1.000000
2001-05-18 0.081 0.920455
2001-04-20 0.081 0.915254
2001-03-23 0.084 0.927152
2001-02-15 0.084 0.868666
2001-01-19 0.084 0.902013
2001-01-03 0.029 0.331429
2000-12-21 0.084 1.058268
2000-11-16 0.084 1.050000
2000-10-20 0.084 1.058268
2000-09-22 0.084 0.946479
2000-08-18 0.084 0.908108
2000-07-21 0.084 0.896000
2000-06-23 0.084 0.946479
2000-05-19 0.084 0.995556
2000-04-20 0.084 1.002985
2000-03-24 0.084 0.988235
2000-02-17 0.084 0.981022
2000-01-21 0.084 0.953191
1999-12-22 0.084 0.981022
1999-11-18 0.084 0.939860
1999-10-22 0.084 0.973913
1999-09-17 0.084 0.933333
1999-08-20 0.084 0.902013
1999-07-23 0.084 0.824540
1999-06-18 0.086 0.823952
1999-05-21 0.086 0.823952
1999-04-23 0.086 0.828916
1999-03-19 0.086 0.800000
1999-02-19 0.086 0.828916
1999-01-22 0.086 0.828916
1998-12-17 0.086 0.819048
1998-11-19 0.089 0.804520
1998-10-23 0.089 0.809091
1998-09-18 0.089 0.832749
1998-08-21 0.089 0.769730
1998-07-24 0.089 0.757447
1998-06-19 0.089 0.749474
1998-05-21 0.089 0.765591
1998-04-17 0.089 0.730256
1998-03-20 0.089 0.753439
1998-02-20 0.093 0.736634
1998-01-23 0.093 0.733005
1997-12-29 0.093 0.751515
1997-12-18 0.093 0.751515
1997-11-20 0.093 0.747739
1997-10-24 0.093 0.763077
1997-09-19 0.093 0.751515
1997-08-22 0.093 0.763077
1997-07-18 0.093 0.747739
1997-06-20 0.093 0.767010
1997-05-22 0.093 0.783158
1997-04-18 0.093 0.800000
1997-03-20 0.093 0.791489
1997-02-21 0.093 0.779058
1997-01-24 0.093 0.800000
1996-12-19 0.093 0.822099
1996-11-21 0.093 0.822099
1996-10-18 0.093 0.826667
1996-09-20 0.093 0.835955
1996-08-23 0.093 0.822099
1996-07-19 0.093 0.845455
1996-06-21 0.093 0.865116
1996-05-23 0.093 0.855172
1996-04-19 0.093 0.855172
1996-03-22 0.093 0.845455
1996-02-15 0.093 0.822099
1996-01-19 0.093 0.855172
1995-12-21 0.093 0.885714
1995-11-16 0.093 0.860116
1995-10-20 0.093 0.855172
1995-09-22 0.093 0.870175
1995-08-18 0.280 2.635294
1994-10-12 0.096 0.925301
1994-09-16 0.096 0.887861
1994-08-10 0.096 0.882759
1994-07-13 0.096 0.862921
1994-06-15 0.096 0.853333
1994-05-11 0.096 0.893023
1994-04-13 0.096 0.882759
1994-03-09 0.096 0.800000
1994-02-09 0.096 0.768000
1994-01-11 0.096 0.768000
1993-12-17 0.054 0.436364
1993-12-16 0.096 0.768000
Additional Data
dividendRate 0.43
dividendYield 11.67
exDividendDate 2026-07-24
trailingAnnualDividendRate 0.426
trailingAnnualDividendYield 0.116712324
lastDividendValue 0.036
lastDividendDate 2026-06-23
dividendDate 2019-03-01

Info Dump

Attribute Value
52 Week Change -0.09429282
Address1 One Madison Avenue
Address2 17th Floor
All Time High 12.875
All Time Low 2.57
Ask 3.67
Ask Size 3,300
Average Daily Volume10 Day 373,230
Average Daily Volume3 Month 326,019
Average Volume 326,019
Average Volume10Days 373,230
Beta 0.506
Bid 3.61
Bid Size 1,800
Book Value 3.908
City New York
Country United States
Crypto Tradeable 0
Currency USD
Current Price 3.63
Current Ratio 1.5
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 3.65
Day Low 3.62
Display Name Western Asset High Income Opportunity Fund
Dividend Date 1,551,398,400
Dividend Rate 0.43
Dividend Yield 11.67
Earnings Growth 0.639
Earnings Quarterly Growth 0.639
Earnings Timestamp End 1,748,516,340
Earnings Timestamp Start 1,748,516,340
Ebitda Margins 0.0
Enterprise To Revenue 10.437
Enterprise Value 343,268,128
Eps Trailing Twelve Months 0.3
Esg Populated 0
Ex Dividend Date 1,784,851,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 3.63
Fifty Day Average Change 0.0
Fifty Day Average Change Percent 0.0
Fifty Two Week Change Percent -9.429282
Fifty Two Week High 4.05
Fifty Two Week High Change -0.42000008
Fifty Two Week High Change Percent -0.103703715
Fifty Two Week Low 3.52
Fifty Two Week Low Change 0.11000013
Fifty Two Week Low Change Percent 0.031250037
Fifty Two Week Range 3.52 - 4.05
Financial Currency USD
First Trade Date Milliseconds 753,460,200,000
Five Year Avg Dividend Yield 9.74
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 32,888,322
Has Pre Post Market Data 1
Held Percent Insiders 0.00018999999
Held Percent Institutions 0.34852
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 1,782,172,800
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 345,210,176
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_6166474
Most Recent Quarter 1,774,915,200
Net Income To Common 27,669,756
Next Fiscal Year End 1,790,726,400
Non Diluted Market Cap 347,112,134
Open 3.63
Operating Margins 0.89702004
Payout Ratio 1.42
Phone 800-822-5544
Post Market Change 0.00999999
Post Market Change Percent 0.27548182
Post Market Price 3.64
Post Market Time 1,783,978,099
Previous Close 3.65
Price Hint 4
Price To Book 0.9288639
Price To Sales Trailing12 Months 10.496436
Profit Margins 0.84132004
Quick Ratio 1.468
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.02
Regular Market Change Percent -0.547945
Regular Market Day High 3.65
Regular Market Day Low 3.62
Regular Market Day Range 3.62 - 3.65
Regular Market Open 3.63
Regular Market Previous Close 3.65
Regular Market Price 3.63
Regular Market Time 1,783,972,803
Regular Market Volume 226,034
Return On Assets 0.04779
Return On Equity 0.073189996
Revenue Growth -0.017
Revenue Per Share 0.346
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 95,099,215
Shares Percent Shares Out 0.001
Shares Short 201,598
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 145,068
Short Name Western Asset High Income Oppor
Short Ratio 0.31
Source Interval 15
State NY
Symbol HIO
Total Cash 1,942,012
Total Cash Per Share 0.02
Total Debt 0
Total Revenue 32,888,322
Tradeable 0
Trailing Annual Dividend Rate 0.426
Trailing Annual Dividend Yield 0.116712324
Trailing Eps 0.3
Trailing P E 12.099999
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 3.72285
Two Hundred Day Average Change -0.09284997
Two Hundred Day Average Change Percent -0.024940562
Type Disp Equity
Volume 226,034
Website https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HIO
Zip 10,010