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HFRO DRIP Calculator & Dividend Yield 2026
7.59% YieldFinancial ServicesHighland Opportunities and Income Fund · NYSE
Price: $6.09 · Annual div: $0.4620/share · Frequency: monthly · Payout ratio: N/A · Ex-div: 2026-10-23
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Annual dividend income growth
HFRO Dividend Yield
HFRO (Highland Opportunities and Income Fund) has a dividend yield of 7.59%, based on an annual dividend of $0.4620 per share and a price of $6.09. Over the last 12 months it paid $0.4620 per share — a trailing yield of 7.59%. Dividends are paid monthly.
Yield history: over the last 12 payments, HFRO's 12-month yield ranged from 6.13% to 8.33%. Full HFRO dividend history ↓
More monthly dividend stocks →More high-yield dividend stocks →
HFRO DRIP Rate: How Many Shares Your Dividends Buy
With dividends reinvested, a HFRO position grows its share count by about 6.83% in the first year at today's price and yield.
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🎯 When HFRO pays your bills
Year your monthly dividend income covers each expense (based on current settings)
HFRO Dividend History — Last 80 Payments
| Ex-Dividend Date | Payment Date | Amount / Share | TTM Yield | Stock Price |
|---|---|---|---|---|
| 2026-10-23Latest | 2026-10-30 | $0.0385 | 7.34% | $6.82 |
| 2026-09-23 | 2026-09-30 | $0.0385 | 6.24% | $7.40 |
| 2026-08-24 | 2026-08-31 | $0.0385 | 6.13% | $7.54 |
| 2026-07-24 | 2026-07-31 | $0.0385 | 6.26% | $7.38 |
| 2026-06-23 | 2026-06-30 | $0.0385 | 6.96% | $6.64 |
| 2026-05-22 | 2026-05-29 | $0.0385 | 8.10% | $6.18 |
| 2026-04-23 | 2026-04-30 | $0.0385 | 8.12% | $5.69 |
| 2026-03-24 | 2026-03-31 | $0.0385 | 7.39% | $6.25 |
| 2026-02-20 | 2026-02-27 | $0.0385 | 7.89% | $6.34 |
| 2026-01-23 | 2026-01-30 | $0.0385 | 8.33% | $6.01 |
| 2025-12-24 | 2025-12-31 | $0.0385 | 7.62% | $6.06 |
| 2025-11-21 | 2025-11-28 | $0.0385 | 7.75% | $6.46 |
| 2025-10-24 | 2025-10-31 | $0.0385 | 7.30% | $6.33 |
| 2025-09-23 | 2025-09-30 | $0.0385 | 7.49% | $6.17 |
| 2025-08-22 | 2025-08-29 | $0.0385 | 9.48% | $5.28 |
| 2025-07-24 | 2025-07-31 | $0.0385 | 8.78% | $5.26 |
| 2025-06-23 | 2025-06-30 | $0.0385 | 9.13% | $5.06 |
| 2025-05-23 | 2025-05-30 | $0.0385 | 9.06% | $5.10 |
| 2025-04-23 | 2025-04-30 | $0.0385 | 8.92% | $5.18 |
| 2025-03-24 | 2025-03-31 | $0.0385 | 7.92% | $5.83 |
| 2025-02-21 | 2025-02-28 | $0.0385 | 8.02% | $5.76 |
| 2025-01-24 | 2025-01-31 | $0.0385 | 8.73% | $5.29 |
| 2024-12-24 | 2024-12-31 | $0.0385 | 7.90% | $5.85 |
| 2024-11-22 | 2024-11-29 | $0.0385 | 8.89% | $5.63 |
| 2024-10-24 | 2024-10-31 | $0.0385 | 8.88% | $6.07 |
| 2024-09-23 | 2024-09-30 | $0.0385 | 9.80% | $5.89 |
| 2024-08-23 | 2024-08-30 | $0.0385 | 10.08% | $6.11 |
| 2024-07-24 | 2024-07-31 | $0.0385 | 10.47% | $6.25 |
| 2024-06-21 | 2024-06-28 | $0.0385 | 10.93% | $6.34 |
| 2024-05-23 | 2024-05-31 | $0.0385 | 11.36% | $6.44 |
| 2024-04-22 | 2024-04-30 | $0.0385 | 11.29% | $6.82 |
| 2024-03-20 | 2024-03-28 | $0.0385 | 13.56% | $6.53 |
| 2024-02-21 | 2024-02-29 | $0.0385 | 12.28% | $6.90 |
| 2024-01-23 | 2024-01-31 | $0.0385 | 11.21% | $7.90 |
| 2023-12-21 | 2023-12-29 | $0.0770 | 11.68% | $8.57 |
| 2023-11-21 | 2023-11-30 | $0.0770 | 13.53% | $7.40 |
| 2023-10-23 | 2023-10-31 | $0.0770 | 11.68% | $7.91 |
| 2023-09-21 | 2023-09-29 | $0.0770 | 12.27% | $8.16 |
| 2023-08-23 | 2023-08-31 | $0.0770 | 10.90% | $8.48 |
| 2023-07-21 | 2023-07-31 | $0.0770 | 10.17% | $9.09 |
| 2023-06-22 | 2023-06-30 | $0.0770 | 10.26% | $9.01 |
| 2023-05-22 | 2023-05-31 | $0.0770 | 11.69% | $8.56 |
| 2023-04-20 | 2023-04-28 | $0.0770 | 11.16% | $8.97 |
| 2023-03-23 | 2023-03-31 | $0.0770 | 9.77% | $9.46 |
| 2023-02-17 | 2023-02-28 | $0.0770 | 8.65% | $10.68 |
| 2023-01-20 | 2023-01-31 | $0.0770 | 9.76% | $10.26 |
| 2022-12-22 | 2022-12-30 | $0.0770 | 8.08% | $11.44 |
| 2022-11-22 | 2022-11-30 | $0.0770 | 8.14% | $11.35 |
| 2022-10-21 | 2022-10-31 | $0.0770 | 9.38% | $9.85 |
| 2022-09-22 | 2022-09-30 | $0.0770 | 7.99% | $11.57 |
| 2022-08-23 | 2022-08-31 | $0.0770 | 8.05% | $11.48 |
| 2022-07-21 | 2022-07-29 | $0.0770 | 8.94% | $11.20 |
| 2022-06-22 | 2022-06-30 | $0.0770 | 7.86% | $11.76 |
| 2022-05-23 | 2022-05-31 | $0.0770 | 7.77% | $11.89 |
| 2022-04-21 | 2022-04-29 | $0.0770 | 8.43% | $11.87 |
| 2022-03-23 | 2022-03-31 | $0.0770 | 7.84% | $11.79 |
| 2022-02-17 | 2022-02-28 | $0.0770 | 8.87% | $11.28 |
| 2022-01-21 | 2022-01-31 | $0.0770 | 8.33% | $11.09 |
| 2021-12-22 | 2021-12-31 | $0.0770 | 8.28% | $11.16 |
| 2021-11-22 | 2021-11-30 | $0.0770 | 8.16% | $11.33 |
| 2021-10-21 | 2021-10-29 | $0.0770 | 9.31% | $10.75 |
| 2021-09-22 | 2021-09-30 | $0.0770 | 8.42% | $10.97 |
| 2021-08-23 | 2021-08-31 | $0.0770 | 9.81% | $10.20 |
| 2021-07-22 | 2021-07-30 | $0.0770 | 9.22% | $10.86 |
| 2021-06-22 | 2021-06-30 | $0.0770 | 7.86% | $11.76 |
| 2021-05-20 | 2021-05-28 | $0.0770 | 8.77% | $11.41 |
| 2021-04-22 | 2021-04-30 | $0.0770 | 8.29% | $11.15 |
| 2021-03-23 | 2021-03-31 | $0.0770 | 8.71% | $10.61 |
| 2021-02-18 | 2021-02-26 | $0.0770 | 9.01% | $10.25 |
| 2021-01-21 | 2021-01-29 | $0.0770 | 8.14% | $10.41 |
| 2020-12-21 | 2020-12-31 | $0.0770 | — | — |
| 2020-11-20 | 2020-11-30 | $0.0770 | — | — |
| 2020-10-23 | 2020-10-30 | $0.0770 | — | — |
| 2020-09-21 | 2020-09-30 | $0.0770 | — | — |
| 2020-08-24 | 2020-08-31 | $0.0770 | — | — |
| 2020-07-23 | 2020-07-31 | $0.0770 | — | — |
| 2020-06-22 | 2020-06-30 | $0.0770 | — | — |
| 2020-05-21 | 2020-05-29 | $0.0770 | — | — |
| 2020-04-22 | 2020-04-30 | $0.0770 | — | — |
| 2020-03-23 | 2020-03-31 | $0.0770 | — | — |
About Highland Opportunities and Income Fund (HFRO) — Dividend Analysis 2026
The Highland Funds I - Highland Floating Rate Opportunities Fund operates as a closed-end mutual fund dedicated to fixed income investments, originally launched by Highland Capital Management, L.P. Its management responsibilities are overseen by Highland Capital Management Fund Advisors, L.P. The fund's investment approach encompasses fixed income markets worldwide, primarily targeting instruments that offer floating rate returns. This strategy largely involves adjustable rate senior loans provided to corporations and partnerships, as well as other financial products considered floating rate investments. It actively seeks opportunities within the sphere of below-investment-grade securities and also incorporates derivatives into its investment methodology. The performance of its portfolio is measured against the Credit Suisse Leveraged Loan Index. Founded in the United States on January 13, 2000, the fund was formerly recognized as Pyxis Funds I - Pyxis Floating Rate Opportunities Fund.
HFRO Dividend & DRIP — Frequently Asked Questions
What is HFRO's dividend yield?
HFRO (Highland Opportunities and Income Fund) has a dividend yield of 7.59%, based on an annual dividend of $0.4620 per share and a price of $6.09. Over the last 12 months it paid $0.4620 per share — a trailing yield of 7.59%. Dividends are paid monthly.
How much does $10,000 in HFRO pay in dividends?
$10,000 in HFRO at a 7.59% yield pays about $759 a year ($63 a month) before taxes. With DRIP, reinvested dividends buy more shares and that income compounds.
What is the DRIP rate for HFRO?
With dividends reinvested, a HFRO position grows its share count by about 6.83% in the first year at today's price and yield.
How do I calculate HFRO dividend reinvestment (DRIP) returns?
Enter your starting amount, monthly contribution and time horizon in the HFRO DRIP calculator at the top of this page. It reinvests each payout into new shares at the projected price, grows the dividend at the rate you choose and shows yearly income, share count, portfolio value and yield on cost. You can switch DRIP off to compare.
When is HFRO's next ex-dividend date?
HFRO's next ex-dividend date is 2026-10-23. HFRO pays dividends monthly. Buy before the ex-dividend date to receive the next payment.
What is HFRO's dividend growth rate?
HFRO's dividend changed 0.0% over the last year and -12.9% a year on average over five years.
Similar dividend stocks to HFRO
Forward dividend yield from the latest data · open any DRIP calculator
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
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🌍 HFRO Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold HFRO.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 7.59% | 4.79% | $759 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 6.45% | 3.65% | $645 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 6.07% | 3.27% | $607 / yr |
| 🇬🇧 UK ISA | 0% | 7.59% | 4.79% | $759 / yr |
| 🇬🇧 UK Taxable | 8.75% | 6.93% | 4.13% | $693 / yr |
| 🇨🇦 TFSA | 0% | 7.59% | 4.79% | $759 / yr |
| 🇨🇦 CA Taxable | 25% | 5.69% | 2.89% | $569 / yr |
| 🇦🇺 Super (pension) | 15% | 6.45% | 3.65% | $645 / yr |
| 🇦🇺 AU Taxable | 30% | 5.31% | 2.51% | $531 / yr |
| 🇩🇪 DE Taxable | 26.375% | 5.59% | 2.79% | $559 / yr |
| 🇫🇷 FR Taxable | 30% | 5.31% | 2.51% | $531 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 HFRO Income Goal & Break-Even
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $0.46/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 HFRO Dividend Payment Schedule
HFRO pays every month — 12 payments per year.
📊 HFRO vs Financial Services Benchmarks
How HFRO compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for HFRO sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ HFRO Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
| Insider | Title | Type | Date | Shares | Price | Total Value |
|---|---|---|---|---|---|---|
| Buy | 2026-06-09 | 123,589 | $6.88 | $850.3K | ||
| Buy | 2026-06-05 | 6,759 | $6.69 | $45.2K | ||
| Buy | 2026-06-04 | 18,017 | $6.73 | $121.3K | ||
| Buy | 2026-06-03 | 28,440 | $6.66 | $189.4K | ||
| Buy | 2026-06-02 | 78,346 | $6.71 | $525.7K | ||
| Buy | 2026-06-01 | 5,520 | $6.55 | $36.2K | ||
| Buy | 2026-05-29 | 31,928 | $6.55 | $209.1K | ||
| Buy | 2026-05-28 | 9,971 | $6.50 | $64.8K | ||
| Buy | 2026-05-26 | 15,858 | $6.27 | $99.4K | ||
| Buy | 2026-05-21 | 20,490 | $6.25 | $128.1K |
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
Peer Group
Similar companies in the same sectorCompare HFRO with peers: HFRO vs BRW · HFRO vs FOF · HFRO vs JRI
Financial Health Scores
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the HFRO dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
Highland Opportunities and Income Fund (HFRO) is currently trading at $6.09, 21% below its 52-week high. The current dividend yield is 7.59% based on an annual payout of $0.4620 per share.
HFRO (Highland Opportunities and Income Fund) — 7.59% Dividend Yield Analysis
Highland Opportunities and Income Fund (HFRO) is a financial services stock currently trading at $6.09 with a dividend yield of 7.59%. It pays an annual dividend of $0.4620 per share. Over the past 5 years, HFRO's dividend has declined at an average rate of 12.9% a year.
- Above-average yield (7.59%) may signal elevated risk — verify sustainability.
Auto-generated from live market data. For educational purposes only — not financial advice.
Latest HFRO News
LiveNews aggregated from public sources via Finnhub & RSS. For informational purposes only.
How investors use the HFRO dividend calculator
Illustrative examples of common use cases, written by the DividendFlow team — not customer reviews.