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Western Asset High Yield Opportunity Fund Inc. (HYI)

Financial Services | Asset Management | New York, United States | NYSE
10.37 USD -0.02 (-0.192%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 10.37
Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | Aug. 22, 2026, 2:59 a.m. EDT

The immediate outlook is bearish due to a confluence of deteriorating price momentum and a critical warning sign in the payout structure. The stock is trading well below its 50-day and 200-day moving averages, confirming a downtrend that has persisted for nearly a decade. While the statistical model predicts a slight further dip over the next month, the more pressing issue is the sustainability of the income. The fund is distributing a yield of nearly 11%, yet the payout ratio exceeds 129%. This indicates that the company is returning more cash to shareholders than it is generating in earnings, effectively burning through capital reserves to maintain the dividend. For a high-yield vehicle, this is a dangerous signal of potential future cuts or dilution. The long-term picture is equally grim; despite a few years of recovery, the asset has lost roughly 22% of its value over the last nine years, with the most recent annual performance showing a decline. The market is correctly pricing in a business that is struggling to generate sufficient organic growth to support its current valuation and distribution levels.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.004919
MSTL0.006902
AutoETS0.007138
AutoARIMA0.007220

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 71%
H-stat 11.01
Ljung-Box p 0.000
Jarque-Bera p 0.127
Excess Kurtosis -0.31
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-09-22
Last Dividend Date 2026-08-23
Market Cap 132,881,208
Trailing P/E 11.78
Previous Name Western Asset High Yield Defined Opportunity Fund Inc.
Website https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HYI

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.92% 10.48% 9.93% 9.53%
Dividend History
Date Dividend Yield %
2026-08-24 0.095 0.916988
2026-07-24 0.095 0.911708
2026-06-23 0.095 0.905624
2026-05-21 0.095 0.903901
2026-04-23 0.095 0.880445
2026-03-24 0.095 0.888681
2026-02-20 0.095 0.852783
2026-01-23 0.095 0.853549
2025-12-23 0.095 0.862069
2025-11-20 0.095 0.870761
2025-10-24 0.095 0.828970
2025-09-23 0.095 0.803043
2025-08-22 0.095 0.795645
2025-07-24 0.095 0.798319
2025-06-23 0.095 0.803043
2025-05-22 0.095 0.815451
2025-04-23 0.095 0.829694
2025-03-24 0.095 0.798319
2025-02-21 0.095 0.788382
2025-01-24 0.095 0.790349
2024-12-23 0.095 0.794979
2024-11-21 0.095 0.782537
2024-10-24 0.095 0.787728
2024-09-23 0.095 0.771730
2024-08-23 0.095 0.787075
2024-07-24 0.095 0.815451
2024-06-21 0.095 0.817556
2024-05-22 0.095 0.819672
2024-04-22 0.095 0.814751
2024-03-20 0.095 0.791667
2024-02-21 0.095 0.792327
2024-01-23 0.095 0.790349
2023-12-20 0.095 0.806452
2023-11-21 0.095 0.826087
2023-10-23 0.095 0.857401
2023-09-21 0.095 0.831874
2023-08-23 0.095 0.818260
2023-07-21 0.095 0.808511
2023-06-22 0.095 0.807823
2023-05-22 0.095 0.837004
2023-04-20 0.095 0.826806
2023-03-23 0.095 0.799663
2023-02-17 0.095 0.778051
2023-01-23 0.095 0.753968
2022-12-21 0.095 0.794314
2022-11-21 0.095 0.776144
2022-10-21 0.095 0.826087
2022-09-22 0.095 0.783182
2022-08-23 0.095 0.754567
2022-07-21 0.095 0.775510
2022-06-22 0.095 0.811966
2022-05-20 0.095 0.760000
2022-04-21 0.095 0.703183
2022-03-23 0.095 0.704748
2022-02-17 0.095 0.663408
2022-01-21 0.095 0.652473
2021-12-22 0.095 0.632911
2021-11-19 0.095 0.605096
2021-10-21 0.095 0.603175
2021-09-22 0.095 0.598614
2021-08-23 0.095 0.610932
2021-07-22 0.095 0.609365
2021-06-22 0.095 0.615285
2021-05-20 0.095 0.616483
2021-04-22 0.095 0.621321
2021-03-23 0.095 0.625000
2021-02-18 0.095 0.621728
2021-01-21 0.095 0.616883
2020-12-22 0.095 0.628307
2020-11-19 0.095 0.640162
2020-10-22 0.095 0.655625
2020-09-22 0.095 0.659264
2020-08-21 0.095 0.652921
2020-07-23 0.095 0.680516
2020-06-22 0.095 0.676638
2020-05-20 0.095 0.706320
2020-04-22 0.095 0.734158
2020-03-23 0.095 0.921435
2020-02-20 0.094 0.587133
2020-01-23 0.094 0.598345
2019-12-19 0.094 0.606452
2019-11-21 0.091 0.596721
2019-10-17 0.091 0.597113
2019-09-19 0.091 0.593995
2019-08-22 0.089 0.583224
2019-07-18 0.089 0.581699
2019-06-20 0.089 0.589404
2019-05-23 0.089 0.604209
2019-04-17 0.089 0.607094
2019-03-21 0.089 0.606267
2019-02-14 0.089 0.607923
2019-01-17 0.089 0.644928
2018-12-20 0.089 0.686199
2018-11-21 0.089 0.649635
2018-10-18 0.089 0.618056
2018-09-20 0.089 0.616771
2018-08-23 0.089 0.611684
2018-07-19 0.089 0.614217
2018-06-21 0.089 0.613370
2018-05-24 0.089 0.616344
2018-04-19 0.089 0.610425
2018-03-22 0.089 0.614217
2018-02-15 0.090 0.612245
2018-01-18 0.090 0.598007
2017-12-21 0.090 0.598404
2017-11-22 0.095 0.629139
2017-10-19 0.095 0.609756
2017-09-21 0.095 0.617284
2017-08-23 0.100 0.654450
2017-07-19 0.100 0.641437
2017-06-21 0.100 0.651042
2017-05-17 0.101 0.654145
2017-04-19 0.101 0.655844
2017-03-22 0.101 0.670651
2017-02-15 0.103 0.673203
2017-01-18 0.103 0.679868
2016-12-21 0.103 0.689886
2016-11-16 0.110 0.760719
2016-10-19 0.110 0.736772
2016-09-21 0.110 0.727513
2016-08-17 0.110 0.725594
2016-07-20 0.110 0.732845
2016-06-15 0.110 0.750853
2016-05-18 0.110 0.758621
2016-04-20 0.110 0.774103
2016-03-16 0.110 0.793079
2016-02-17 0.110 0.837138
2016-01-20 0.110 0.863422
2015-12-16 0.110 0.784593
2015-11-18 0.110 0.777385
2015-10-21 0.110 0.753425
2015-09-16 0.110 0.781250
2015-08-19 0.110 0.759144
2015-07-22 0.110 0.732357
2015-06-17 0.110 0.697527
2015-05-20 0.110 0.673607
2015-04-15 0.110 0.667476
2015-03-18 0.110 0.683230
2015-02-18 0.110 0.693132
2015-01-21 0.110 0.702875
2014-12-17 0.110 0.703325
2014-11-19 0.110 0.679852
2014-10-22 0.110 0.664251
2014-09-17 0.110 0.650888
2014-08-20 0.110 0.638421
2014-07-16 0.110 0.622877
2014-06-18 0.110 0.617284
2014-05-21 0.120 0.672269
2014-04-15 0.120 0.673023
2014-03-19 0.120 0.668151
2014-02-19 0.125 0.701459
2014-01-22 0.125 0.691372
2013-12-18 0.125 0.709019
2013-11-20 0.130 0.736961
2013-10-16 0.130 0.735294
2013-09-18 0.130 0.728291
2013-08-21 0.130 0.761570
2013-07-17 0.130 0.737380
2013-06-19 0.130 0.736544
2013-05-22 0.135 0.699120
2013-04-17 0.135 0.711275
2013-03-13 0.135 0.712025
2013-02-13 0.140 0.743889
2013-01-16 0.140 0.734908
2012-12-12 0.140 0.770077
2012-11-20 0.145 0.794956
2012-10-17 0.145 0.749741
2012-09-19 0.145 0.741688
2012-08-22 0.145 0.752075
2012-07-18 0.145 0.749354
2012-06-20 0.145 0.770867
2012-05-16 0.147 0.788204
2012-04-18 0.147 0.794165
2012-03-21 0.147 0.773684
2012-02-15 0.147 0.773277
2012-01-18 0.147 0.809026
2011-12-14 0.147 0.860152
2011-11-16 0.147 0.836177
2011-10-19 0.147 0.871886
2011-09-21 0.147 0.811258
2011-08-17 0.147 0.809471
2011-07-20 0.147 0.753460
2011-06-15 0.147 0.765226
2011-05-18 0.147 0.759297
2011-04-19 0.147 0.776956
2011-03-16 0.147 0.806363
2011-02-16 0.147 0.773277
2011-01-19 0.147 0.770440
2010-12-15 0.147 0.789050
Additional Data
dividendRate 1.14
dividendYield 10.97
exDividendDate 2026-09-23
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.095
lastDividendDate 2026-08-24
dividendDate 2019-03-01

Info Dump

Attribute Value
52 Week Change -0.13076276
Address1 One Madison Avenue
Address2 17th Floor
All Time High 20.05
All Time Low 9.74
Ask 10.6
Ask Size 1,000
Average Daily Volume10 Day 46,420
Average Daily Volume3 Month 62,236
Average Volume 62,236
Average Volume10Days 46,420
Bid 10.33
Bid Size 200
City New York
Country United States
Crypto Tradeable 0
Currency USD
Current Price 10.37
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 10.4199
Day Low 10.37
Display Name Western Asset High Yield Opportunity Fund
Dividend Date 1,551,398,400
Dividend Rate 1.14
Dividend Yield 10.97
Ebitda Margins 0.0
Eps Trailing Twelve Months 0.88
Esg Populated 0
Ex Dividend Date 1,790,121,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 10.516
Fifty Day Average Change -0.14599991
Fifty Day Average Change Percent -0.013883597
Fifty Two Week Change Percent -13.076276
Fifty Two Week High 12.13
Fifty Two Week High Change -1.7600002
Fifty Two Week High Change Percent -0.14509483
Fifty Two Week Low 10.34
Fifty Two Week Low Change 0.029999733
Fifty Two Week Low Change Percent 0.002901328
Fifty Two Week Range 10.34 - 12.13
First Trade Date Milliseconds 1,288,186,200,000
Five Year Avg Dividend Yield 9.28
Full Exchange Name NYSE
Fullday Change -0.0200005
Fullday Change Percent -0.192497
Fullday Price 10.37
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.000080000005
Held Percent Institutions 0.36623
Implied Shares Outstanding 12,814,003
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,787,529,600
Last Dividend Value 0.095
Long Business Summary Western Asset High Yield 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. Western Asset High Yield Opportunity Fund Inc. was formed on July 20, 2010 and is domiciled in the United States.
Long Name Western Asset High Yield Opportunity Fund Inc.
Market us_market
Market Cap 132,881,208
Market State CLOSED
Max Age 86,400
Message Board Id finmb_109846931
Name Change Date 2,026-08-29
Non Diluted Market Cap 133,137,491
Open 10.42
Operating Margins 0.0
Payout Ratio 1.2955
Phone 800-822-5544
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 10.37
Post Market Time 1,787,951,100
Prev Name Western Asset High Yield Defined Opportunity Fund Inc.
Previous Close 10.39
Price Hint 2
Profit Margins 0.0
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0200005
Regular Market Change Percent -0.192497
Regular Market Day High 10.4199
Regular Market Day Low 10.37
Regular Market Day Range 10.37 - 10.4199
Regular Market Open 10.42
Regular Market Previous Close 10.39
Regular Market Price 10.37
Regular Market Time 1,787,947,202
Regular Market Volume 35,424
Sand P52 Week Change 0.20204377
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 12,814,003
Shares Percent Shares Out 0.0011
Shares Short 43,660
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 19,179
Short Name Western Asset High Yield Define
Short Ratio 0.24
Source Interval 15
State NY
Symbol HYI
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.88
Trailing P E 11.784091
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.83395
Two Hundred Day Average Change -0.46395016
Two Hundred Day Average Change Percent -0.042823732
Type Disp Equity
Volume 35,424
Website https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HYI
Zip 10,010