Highland Funds I - Highland Opportunities and Income Fund
HFRO-PAFinancial Services · Stock · quarterly payer
Forward Yield
8.17%
Annual Dividend
$1.34
Payout Ratio
—
5-Yr Growth
0.0%
Ex-Date
Jun 23, 2026
Frequency
Quarterly
Summary
As of September 2026, Highland Funds I - Highland Opportunities and Income Fund (HFRO-PA) yields 8.17% ($1.34 per share annually), with a blended fair-value estimate of $18.12 — +11% upside, so it screens as fairly valued. Dividend safety grade: B (79/100).
Is HFRO-PA a good dividend stock?
YesHighland Funds I - Highland Opportunities and Income Fund (HFRO-PA) pays a quarterly dividend yielding 8.17% ($1.34/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
Risks
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.17%
- Payout Ratio
- —
- Annual Dividend
- $1.34
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Jun 23, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- -37%
- 52-Week Range
- $15.86 – $17.20
- Dividend Safety
- B · 79/100
- Ever Cut?
- No
Frequently Asked Questions
HFRO-PA Price — Last 12 Months
Daily close
Price Return
1 Year
-1%
3 Years
-10%
5 Years
-37%
52-Week Range
$15.86 – $17.20
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HFRO-PA worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Highland Funds I - Highland Opportunities and Income Fund is $18.12 per share, versus a market price of $16.36. That implies the stock is roughly fairly priced.
Fair Value
$18.12
Current Price
$16.36
Gap
+11%
Margin of Safety
10%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $1.34 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HFRO-PA Dividend Safety Score
Safe
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.3359 | regular |
| Mar 24, 2026 | — | $0.3359 | regular |
| Dec 24, 2025 | — | $0.3359 | regular |
| Sep 23, 2025 | — | $0.3359 | regular |
| Jun 23, 2025 | — | $0.3359 | regular |
| Mar 24, 2025 | — | $0.3359 | regular |
| Dec 23, 2024 | — | $0.3359 | regular |
| Sep 24, 2024 | — | $0.3359 | regular |
| Jun 24, 2024 | — | $0.3359 | regular |
| Mar 21, 2024 | — | $0.3359 | regular |
| Dec 22, 2023 | — | $0.3359 | regular |
| Sep 21, 2023 | — | $0.3359 | regular |
| Jun 22, 2023 | — | $0.3359 | regular |
| Mar 23, 2023 | — | $0.3359 | regular |
Income Calculator
At $1.34 / yr per share
