Highland Funds I - Highland Opportunities and Income Fund
HFROFinancial Services · Stock · monthly payer
$6.73
Add to PortfolioForward Yield
6.86%
Annual Dividend
$0.46
Payout Ratio
210%
5-Yr Growth
-12.7%
Ex-Date
Jun 23, 2026
Frequency
Monthly
HFRO Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is HFRO a good dividend stock?
MixedHighland Funds I - Highland Opportunities and Income Fund (HFRO) pays a monthly dividend yielding 6.86% ($0.46/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2024
- Elevated payout ratio (210%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 6.86%
- Payout Ratio
- 210%
- Annual Dividend
- $0.46
- 5-Yr Avg Growth
- -12.7%
- Ex-Dividend Date
- Jun 23, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- —
- Market Cap
- $372.9M
- P/E Ratio
- —
- 5-Yr Total Return
- -39%
- 52-Week Range
- $5.03 – $6.83
- Dividend Safety
- D · 48/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 22, 2026 | — | $0.0390 | regular |
| Apr 23, 2026 | — | $0.0390 | regular |
| Mar 24, 2026 | — | $0.0390 | regular |
| Feb 20, 2026 | — | $0.0390 | regular |
| Jan 23, 2026 | — | $0.0390 | regular |
| Dec 24, 2025 | — | $0.0390 | regular |
| Nov 21, 2025 | — | $0.0390 | regular |
| Oct 24, 2025 | — | $0.0390 | regular |
| Sep 23, 2025 | — | $0.0390 | regular |
| Aug 22, 2025 | — | $0.0390 | regular |
| Jul 24, 2025 | — | $0.0390 | regular |
| Jun 23, 2025 | — | $0.0390 | regular |
| May 23, 2025 | — | $0.0390 | regular |
| Apr 23, 2025 | — | $0.0390 | regular |
Income Calculator
At $0.46 / yr per share
