HYI Stock Overview
Western Asset High Yield Defined Opportunity Fund Inc.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.89|
|52 Week High||US$16.64|
|52 Week Low||US$14.81|
|1 Month Change||-0.40%|
|3 Month Change||-5.46%|
|1 Year Change||-3.44%|
|3 Year Change||8.92%|
|5 Year Change||-2.43%|
|Change since IPO||-25.59%|
Recent News & Updates
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.
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.
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.
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
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.
|HYI||US Capital Markets||US Market|
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.
|HYI Average Weekly Movement||2.0%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
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
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
|HYI fundamental statistics|
Is HYI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HYI income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Next Earnings Date
|Earnings per share (EPS)||0|
|Net Profit Margin||0.00%|
How did HYI perform over the long term?See historical performance and comparison
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.
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?
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.
How has Western Asset High Yield Defined Opportunity Fund performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ken Fuller (63 yo)
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...
Experienced Board: HYI's board of directors are seasoned and experienced ( 12 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Western Asset High Yield Defined Opportunity Fund Inc.'s employee growth, exchange listings and data sources
- Name: Western Asset High Yield Defined Opportunity Fund Inc.
- Ticker: HYI
- Exchange: NYSE
- Founded: 2010
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$343.849m
- Shares outstanding: 22.65m
- Website: https://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.
- 620 Eighth Avenue
- 49th Floor
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:46|
|End of Day Share Price||2022/01/19 00:00|
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.