company background image
HYI

Western Asset High Yield Defined Opportunity FundNYSE:HYI Stock Report

Last Price

US$14.89

Market Cap

US$343.8m

7D

-2.2%

1Y

-3.4%

Updated

19 Jan, 2022

Data

Company Financials
HYI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

HYI Stock Overview

Western Asset High Yield Defined Opportunity Fund Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Western Asset High Yield Defined Opportunity Fund
Historical stock prices
Current Share PriceUS$14.89
52 Week HighUS$16.64
52 Week LowUS$14.81
Beta0
1 Month Change-0.40%
3 Month Change-5.46%
1 Year Change-3.44%
3 Year Change8.92%
5 Year Change-2.43%
Change since IPO-25.59%

Recent News & Updates

Dec 31

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. I wouldn't consider this type of investing as market timing, as you are simply waiting for funds valuations to present opportunities.

Aug 18

HYI: Latest Report Shows The Impact Of Declining Rates

HYI is a non-leveraged, high-yield focused term structure closed-end fund. The latest report shows more weakness in net investment income coverage - however, it isn't just this fund but across the fixed-income space. Despite this, HYI remains a relatively attractive fund but the discount has also been narrowing.

Jul 01

HYI: High Yield, No Leverage, Term Structure Fund Worth A Look

We regularly cover HYI as it is one of the solid choices in the high yield space that also don't utilize leverage. For CEFs, funds that don't operate with leverage can be seen as relatively more attractive for more conservative investors. However, keep in mind that it is still a high yield fund - so that does entail risks on its own.

Jan 04

HYI: An Attractive Unleveraged High-Yield Fund With A Term Date

Written by Nick Ackerman, co-produced by Stanford Chemist Western Asset High Yield Defined Opportunity Fund, Inc. (HYI) can be an attractive option for investors that want a monthly paying, high-yield focused closed-end fund. This fund can be appropriate for those that might not want to deal with the leverage of other high-yield options out there as they utilize no leverage. Keeping in mind that it is still a high-yield fund, with some exposure to emerging

Nov 17

Western Asset High Yield Defined Opportunity Fund declares $0.0945 dividend

Western Asset High Yield Defined Opportunity Fund (HYI) declares $0.0945/share monthly dividend, in line with previous.Forward yield 7.59%Payable Dec. 31; for shareholders of record Dec. 23; ex-div Dec. 22.Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.Payable Mar. 1; for shareholders of record Feb. 19; ex-div Feb. 18.See HYI Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

HYIUS Capital MarketsUS Market
7D-2.2%-5.5%-4.6%
1Y-3.4%24.6%7.7%

Return vs Industry: HYI underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: HYI underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is HYI's price volatile compared to industry and market?
HYI volatility
HYI Average Weekly Movement2.0%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: HYI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: HYI's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aKen Fullerhttps://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=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.

Western Asset High Yield Defined Opportunity Fund Fundamentals Summary

How do Western Asset High Yield Defined Opportunity Fund's earnings and revenue compare to its market cap?
HYI fundamental statistics
Market CapUS$343.85m
Earnings (TTM)US$0
Revenue (TTM)n/a

n/a

P/E Ratio

n/a

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HYI income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$0
EarningsUS$0

Last Reported Earnings

n/a

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did HYI perform over the long term?

See historical performance and comparison

Valuation

Is Western Asset High Yield Defined Opportunity Fund undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Western Asset High Yield Defined Opportunity Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Western Asset High Yield Defined Opportunity Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is Western Asset High Yield Defined Opportunity Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Western Asset High Yield Defined Opportunity Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Western Asset High Yield Defined Opportunity Fund performed over the past 5 years?

20.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Western Asset High Yield Defined Opportunity Fund has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is Western Asset High Yield Defined Opportunity Fund's financial position?


In this section we usually analyse Western Asset High Yield Defined Opportunity Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Western Asset High Yield Defined Opportunity Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is Western Asset High Yield Defined Opportunity Fund current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HYI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HYI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HYI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HYI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HYI's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?

12.0yrs

Average board tenure


CEO

Ken Fuller (63 yo)

8.58yrs

Tenure

Mr. Kenneth Donald Fuller, also known as Ken, has been Chief Executive Officer and President of Western Asset High Income Opportunity Fund Inc. and LMP Corporate Loan Fund Inc. since June 1, 2013. He serve...


Board Members

Experienced Board: HYI's board of directors are seasoned and experienced ( 12 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HYI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Western Asset High Yield Defined Opportunity Fund Inc.'s employee growth, exchange listings and data sources


Key Information


Location

  • Western Asset High Yield Defined Opportunity Fund Inc.
  • 620 Eighth Avenue
  • 49th Floor
  • New York
  • New York
  • 10018
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:46
End of Day Share Price2022/01/19 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.