Highland Funds I - Highland Opportunities and Income Fund
HFRO-PBFinancial Services · Stock · quarterly payer
Forward Yield
8.08%
Annual Dividend
$1.34
Payout Ratio
—
5-Yr Growth
—
Ex-Date
Jun 23, 2026
Frequency
Quarterly
Summary
As of June 2026, Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) yields 8.08% ($1.34 per share annually), with a blended fair-value estimate of $21.54 — +30% upside, so it screens as undervalued.
Is HFRO-PB a good dividend stock?
MixedHighland Funds I - Highland Opportunities and Income Fund (HFRO-PB) pays a quarterly dividend yielding 8.08% ($1.34/yr), with 0 years of growth. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Never cut its dividend on record
Risks
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.08%
- Payout Ratio
- —
- Annual Dividend
- $1.34
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jun 23, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $15.47 – $17.05
- Dividend Safety
- —
- Ever Cut?
- No
Frequently Asked Questions
HFRO-PB Price — Last 12 Months
Daily close
Price Return
1 Year
+3%
3 Years
—
5 Years
—
52-Week Range
$15.47 – $17.05
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HFRO-PB worth?
Undervaluedlow confidenceOur blended fair-value estimate for Highland Funds I - Highland Opportunities and Income Fund is $21.54 per share, versus a market price of $16.63. That implies 30% of upside — a margin of safety of about 23%.
Fair Value
$21.54
Current Price
$16.63
Upside
+30%
Margin of Safety
23%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $1.34 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 24, 2026 | — | $0.3359 | regular |
| Dec 24, 2025 | — | $0.3359 | regular |
| Sep 23, 2025 | — | $0.3359 | regular |
| Jun 23, 2025 | — | $0.3359 | regular |
| Mar 24, 2025 | — | $0.0755 | regular |
Income Calculator
At $1.34 / yr per share
