Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) Dividend

Highland Funds I - Highland Opportunities and Income Fund · Financial Services · Asset Management · quarterly payer

$15.18

As of Nov 8, 2026, Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) pays a quarterly dividend of $0.3359 per share, or $1.34 a year, a 8.85% yield at its $15.18 share price. It pays every quarter, usually in January, April, July and October.

Forward Yield

8.85%

Annual Dividend

$1.34

Payout Ratio

—

5-Yr Growth

—

Ex-Date

Sep 23, 2026

Frequency

Quarterly

Key facts about HFRO-PB's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) has a forward dividend yield of 8.85%, based on an annual dividend of $1.34 per share and a share price of $15.18.
HFRO-PB has never cut its regular dividend in the payment history SmarterDividends has on record.
HFRO-PB's most recent ex-dividend date was Sep 23, 2026, for a dividend of $0.34 per share.
As of Nov 8, 2026, HFRO-PB's 8.85% yield is 31% above its five-year average yield of 6.75%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for HFRO-PB is $30.69 per share, 102% above the $15.18 share price, so HFRO-PB screens as undervalued.
Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) pays its dividend quarterly, 4 times a year.
Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) has raised its regular dividend 1 time and cut it 0 times across the 7 payments on record since 2025. Its most recent change was a 345.0% increase to $0.336 per share, going ex-dividend on Jun 23, 2025.

Cite this page

SmarterDividends, "HFRO-PB Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/HFRO-PB

Is HFRO-PB a good dividend stock?

Mixed

Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) pays a quarterly dividend yielding 8.85% ($1.34/yr), with 0 years of growth. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

Never cut its dividend on record

Risks

Very high yield can signal elevated risk

Key Data

Dividend Yield: 8.85%
Payout Ratio: —
Annual Dividend: $1.34
5-Yr Avg Growth: —
Ex-Dividend Date: Sep 23, 2026
Years of Growth: 0
Frequency: quarterly
Beta: —
Market Cap: —
P/E Ratio: —
5-Yr Total Return: —
52-Week Range: $15.17 – $16.70
Dividend Safety: —
Ever Cut?: No

HFRO-PB dividend raises and cuts

Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) has raised its regular dividend 1 time and cut it 0 times across the 7 payments on record since 2025. Its most recent change was a 345.0% increase to $0.336 per share, going ex-dividend on Jun 23, 2025.

Ex-date	Change	Old → new	Move
Jun 23, 2025	Raise	$0.0755 → $0.336	+345.0%

Every HFRO-PB payment →Download every raise and cut (CSV)

HFRO-PB ex-dividend date & scheduleNext ex-date Sep 23, 2026 · full ex-dividend historyView →HFRO-PB dividend historyEvery payment, totals by year, raises and cutsView →HFRO-PB dividend calculator100 shares pay $134.00 a year, $33.50 each quarterCalculate →

Frequently Asked Questions

Is HFRO-PB a good dividend stock?

Mixed. Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) pays a quarterly dividend yielding 8.85% ($1.34/yr), with 0 years of growth. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is HFRO-PB undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HFRO-PB's fair value is about $30.69 versus a $15.18 share price — so it looks undervalued (+102% vs. fair value).

What is HFRO-PB's fair value?

Our blended fair-value estimate for HFRO-PB is about $30.69 per share, roughly 102% above the current $15.18 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is HFRO-PB a buy, hold, or sell?

We don't issue formal ratings, but on the data HFRO-PB screens as "mixed" and undervalued. Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) pays a quarterly dividend yielding 8.85% ($1.34/yr), with 0 years of growth. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Does HFRO-PB pay a dividend?

Yes. Highland Funds I - Highland Opportunities and Income Fund pays a quarterly dividend of about $1.34 per share annually, a forward yield of roughly 8.85%.

How much dividend does 100 shares of HFRO-PB pay?

At $1.34 per share a year, 100 shares of HFRO-PB pay $134.00 a year in dividends before tax, about $33.50 each quarter. Buying them costs about $1,518 at the Nov 8, 2026 price.

What is HFRO-PB's dividend yield?

As of Nov 8, 2026, HFRO-PB's forward dividend yield is 8.85%, based on a $1.34 annual dividend and a $15.18 share price.

What is HFRO-PB's dividend per share?

As of Nov 8, 2026, HFRO-PB pays $1.34 per share per year, distributed on a quarterly basis.

How many years has HFRO-PB grown its dividend?

HFRO-PB does not currently have a long dividend-growth streak on record.

When is the next HFRO-PB ex-dividend date?

As of Nov 8, 2026, HFRO-PB's next ex-dividend date hasn't been announced. The most recent was Sep 23, 2026, for $0.34 per share.

Dividend History

Full HFRO-PB dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 23, 2026	—	$0.3359	regular
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	—	$0.0755	regular