On June 23, 2026, Highland Opportunities and Income Fund’s 5.375% Series A Cumulative Preferred Shares (Symbol: HFRO.PRA) will trade ex-dividend for a quarterly dividend of $0.3359, payable on June 30, 2026. This dividend represents approximately 1.98% of HFRO.PRA’s recent share price of $16.94. Shareholders can expect the shares to drop by this percentage when trading opens.
The annualized yield of HFRO.PRA is approximately 7.98%, considerably higher than the average yield of 6.32% for preferred stocks in the “ETFs & CEFs” category, according to Preferred Stock Channel. As of Monday’s trading session, HFRO.PRA shares are up about 0.6%, while the common shares (Symbol: HFRO) are up 1%.
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