SmarterDividends
HYI

Western Asset High Yield Opportunity Fund Inc.

HYI

Financial Services · Stock · monthly payer

Forward Yield

10.76%

Annual Dividend

$1.14

Payout Ratio

152%

5-Yr Growth

0.0%

Ex-Date

Jun 23, 2026

Frequency

Monthly

HYI Dividend Safety Score

57/ 100
Grade C

Borderline

Dividend-growth streak7 consecutive years of growth
Cut historyCut its dividend in 2018
Earnings payout coverage152% of earnings paid out
Yield vs its historyYield in line with its history

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 HYI a good dividend stock?

Mixed

Western Asset High Yield Opportunity Fund Inc. (HYI) pays a monthly dividend yielding 10.76% ($1.14/yr), with 7 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2018
    • Elevated payout ratio (152%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    10.76%
    Payout Ratio
    152%
    Annual Dividend
    $1.14
    5-Yr Avg Growth
    0.0%
    Ex-Dividend Date
    Jun 23, 2026
    Years of Growth
    7
    Frequency
    monthly
    Beta
    Market Cap
    $135.7M
    P/E Ratio
    14.1
    5-Yr Total Return
    -33%
    52-Week Range
    $10.44 – $12.13
    Dividend Safety
    C · 57/100
    Ever Cut?
    Yes (2018)
    HYI ex-dividend date & scheduleNext ex-date Jun 23, 2026 · full ex-dividend historyView →

    Frequently Asked Questions

    Income Calculator

    At $1.14 / yr per share

    Per payment (monthly)$9.50
    Annual$114.00
    Monthly avg$9.50