Skip to content
Fly High Investing
Sign In

View

Explore more with Pro

Company research and current financial figures are available here. Pro adds earnings and dividend charts, market-yield history, reinvestment evidence and the dividend assistant.

Explore Pro

HYI · Western Asset High Yield Opportunity Fund Inc.

Know the company

Company overview

Western Asset High Yield Opportunity Fund owns mainly high-yield corporate bonds. The borrowers' interest payments power income, while credit losses and changing bond prices can change shareholder value.

Business
Credit and multi-sector income funds
Listing
HYI · XNYS
Reporting period
2026-05-31
Dividend schedule
Monthly

How the business works

Higher coupons compensate for more borrower risk, not a guaranteed return. Net investment income shows the recurring interest after costs, and NAV records credit and market-price effects beyond it.

Western Asset High Yield Opportunity Fund Inc.: financial report supporting reported earnings

Dividend & earnings snapshot

Reported earnings

Each measure shown separately, per share

Net investment income$0.98

Jun 1, 2025 to May 31, 2026

Distribution yield11.18%Sourced distributions divided by dated market price
Trailing 12-month income yield9.95%Net investment income for Jun 1, 2025 to May 31, 2026, divided by market price $9.8500 on Sep 29, 2026. Historical income; not a forecast.
Annual dividend$1.14Current regular payment annualized per share
Dividend payment dates

Each announced payment is shown separately. Extra payments are not assumed to repeat.

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting periodEarnings measurePer shareSource
Jun 1, 2025 to May 31, 2026Net investment income$0.98Company report 1
Announced Jul 30, 2026

Market price and NAV per share

Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Jun 1, 2025 to May 31, 2026$11.62-2.19%$1.14+7.65%HYI financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Jun 1, 2024 to May 31, 2025$11.88-1.49%$1.14+8.20%HYI financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Jun 1, 2023 to May 31, 2024$12.06-0.74%$1.14+8.91%HYI financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Jun 1, 2022 to May 31, 2023$12.15-10.73%$1.13-2.36%HYI financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Jun 1, 2021 to May 31, 2022$13.61-14.35%$1.13-7.69%HYI financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Distribution and NAV evidence

Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.

Reporting period and filingNet investment income/shareCash distributions/shareOpening NAVClosing NAVNAV changeReported NAV total return
2021-06-01 to 2022-05-31 $0.96 $1.13 $15.89 $13.61 -14.35% -7.69%
2022-06-01 to 2023-05-31 $1.07 $1.13 $13.61 $12.15 -10.73% -2.36%
2023-06-01 to 2024-05-31 $1.07 $1.14 $12.15 $12.06 -0.74% 8.91%
2024-06-01 to 2025-05-31 $0.95 $1.14 $12.06 $11.88 -1.49% 8.20%
2025-06-01 to 2026-05-31 $0.98 $1.14 $11.88 $11.62 -2.19% 7.65%

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Portfolio riskLosses or weaker cash generation in bond and loan companies can reduce the resources available for future distributions.MonitorA change can affect future shareholder cash payments or the capital supporting them.

The assets behind the earnings

How HYI makes money

Financial snapshot: 2026-05-31. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$145.183 million net assets284 holdings · As of 7/31/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

Western Asset High Yield Opportunity Fund Inc.: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-06-01 through 2026-05-31 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.9800

For the fiscal year ended May 31, 2026, HYI reported $0.98 of net investment income per common share and $1.14 of common distributions. Income supported most of the cash paid, with a smaller difference to revisit in the next full year.

Western Asset High Yield Opportunity Fund Inc.: financial report supporting reported earnings

The income-producing business

Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Western Asset High Yield Opportunity Fund Inc.: financial report supporting reported earnings

What the reported earnings support

Western Asset High Yield Opportunity Fund Inc. reported $0.9800 per share for 2025-06-01 through 2026-05-31, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Western Asset High Yield Opportunity Fund Inc.: financial report supporting reported earnings

What would change the earnings picture?

Check the next matching annual income and distributions, then look at company credit, realized losses and NAV.

Net asset value (NAV)

NAV per share$11.0100Sep 29, 2026
Market price$9.8500Sep 29, 2026
PREMIUM / DISCOUNT TO NAV10.54% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

  • Regular distribution screen: 11.18% on 2026-09-11.
  • Reported net investment income per common share: $0.98 for 2025-06-01 through 2026-05-31; not annualized.

What to watch next

  • Check the next matching annual income and distributions, then look at company credit, realized losses and NAV.

Fly High context

Check the next matching annual income and distributions, then look at company credit, realized losses and NAV.

Loading current company feeds…

U.S. federal · Tax year 2025

Dividend tax treatment

The fund's 2025 breakdown shows mainly ordinary dividends. The mix can change from year to year.

This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Total ordinary dividends
85.53%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
14.47%

Tax year: 2025. Total distributions: $1.14 per share.

Tax details and source
Total ordinary dividends (includes qualified)
85.53%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated October 9, 2026 5:34 am

Return to company research