The KKR Income Opportunities Fund (NYSE: KIO) announced a monthly dividend of $0.12 on January 7, 2024. Shareholders of record on January 16, 2024, will receive this dividend on January 30, 2024. This distribution reflects an annualized dividend yield of 12.5%, offering an attractive return for investors in a challenging economic climate.
The ex-dividend date for this distribution is set for January 16, 2024. Following the announcement, shares of KIO opened at $11.64 on January 8, 2024, a slight decrease of 0.1% from the previous session. Over the past year, the fund’s stock has fluctuated, reaching a low of $10.69 and a high of $13.63. The fund’s fifty-day simple moving average stands at $11.71, while the two-hundred day simple moving average is at $12.20.
Fund Overview and Strategy
The KKR Income Opportunities Fund operates as a diversified, closed-end management investment company. Its primary objective is to generate attractive current income and capital appreciation by investing predominantly in corporate credit instruments. Managed by KKR Income Opportunities Advisors, LLC, the fund capitalizes on the extensive global credit platform of KKR & Co Inc.
This investment approach encompasses a variety of debt securities, including broadly syndicated loans, high-yield bonds, convertible bonds, private credit, and other credit-related instruments. Since its initial public offering in June 2018, the fund has implemented a flexible, research-driven strategy aimed at seizing opportunities across diverse credit markets.
Investors looking for regular income may find the KKR Income Opportunities Fund appealing, particularly given its commitment to provide stable returns. As market conditions evolve, the fund’s diversified portfolio positions it to adapt and respond to changing economic landscapes.
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