Does HFRO pay a dividend?

Yes. Highland Funds I - Highland Income Fund pays a monthly dividend, currently yielding 6.35% based on trailing twelve-month payments of $0.46 per share.

How much does HFRO pay in dividends?

$0.46 per share over the last twelve months, paid monthly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next HFRO ex-dividend date?

The next ex-dividend date on record is August 24, 2026, with payment on August 31, 2026. You must own the shares before the ex-dividend date to receive that payment.

HFRO Dividend

Highland Funds I - Highland Income Fund

NYSEFinancial ServicesStockData as of August 12, 2026

Dividend yield: 6.35%
Annual dividend: $0.46
Payout ratio: -0.96
Frequency: Monthly
Share price: $7.27
Market cap: $403M

Next payment

Ex-dividend date: August 24, 2026Pay date: August 31, 2026Amount: $0.0385

You must own the shares before the ex-dividend date to receive this payment.

Is HFRO a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is above the market median6.35% against a median of 2.78% across US dividend payers.
Earnings are negativeA payout ratio of -0.96 means the company is paying a dividend while reporting a loss. That can be funded from cash or borrowing for a time, but not from profits.
Dividend has been cut onceAcross 9 complete years, the annual total fell in 2024. The most recent reduction was in 2024.
Pays monthlyPayments arrive twelve times a year rather than the usual four, which suits income being drawn rather than reinvested.

HFRO dividend history

Annual dividend per share, 2017 to 2025.

Peak $0.9240 in 2018Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for HFRO, most recent first.
Ex-dividend date	Pay date	Amount	Type
August 24, 2026	August 31, 2026	$0.0385	Monthly
July 24, 2026	July 31, 2026	$0.0385	Monthly
June 23, 2026	June 30, 2026	$0.0385	Monthly
May 22, 2026	May 29, 2026	$0.0385	Monthly
April 23, 2026	April 30, 2026	$0.0385	Monthly
March 24, 2026	March 31, 2026	$0.0385	Monthly
February 20, 2026	February 27, 2026	$0.0385	Monthly
January 23, 2026	January 30, 2026	$0.0385	Monthly
December 24, 2025	December 31, 2025	$0.0385	Monthly
November 21, 2025	November 28, 2025	$0.0385	Monthly
October 24, 2025	October 31, 2025	$0.0385	Monthly
September 23, 2025	September 30, 2025	$0.0385	Monthly
August 22, 2025	August 29, 2025	$0.0385	Monthly
July 24, 2025	July 31, 2025	$0.0385	Monthly
June 23, 2025	June 30, 2025	$0.0385	Monthly
May 23, 2025	May 30, 2025	$0.0385	Monthly
April 23, 2025	April 30, 2025	$0.0385	Monthly
March 24, 2025	March 31, 2025	$0.0385	Monthly
February 21, 2025	February 28, 2025	$0.0385	Monthly
January 24, 2025	January 31, 2025	$0.0385	Monthly
December 24, 2024	December 31, 2024	$0.0385	Monthly
November 22, 2024	November 29, 2024	$0.0385	Monthly
October 24, 2024	October 31, 2024	$0.0385	Monthly
September 23, 2024	September 30, 2024	$0.0385	Monthly
August 23, 2024	August 30, 2024	$0.0385	Monthly
July 24, 2024	July 31, 2024	$0.0385	Monthly
June 21, 2024	June 28, 2024	$0.0385	Monthly
May 23, 2024	May 31, 2024	$0.0385	Monthly
April 22, 2024	April 30, 2024	$0.0385	Monthly
March 20, 2024	March 28, 2024	$0.0385	Monthly
February 21, 2024	February 29, 2024	$0.0385	Monthly
January 23, 2024	January 31, 2024	$0.0385	Monthly
December 21, 2023	December 29, 2023	$0.0770	Monthly
November 21, 2023	November 30, 2023	$0.0770	Monthly
October 23, 2023	October 31, 2023	$0.0770	Monthly
September 21, 2023	September 29, 2023	$0.0770	Monthly
August 23, 2023	August 31, 2023	$0.0770	Monthly
July 21, 2023	July 31, 2023	$0.0770	Monthly
June 22, 2023	June 30, 2023	$0.0770	Monthly
May 22, 2023	May 31, 2023	$0.0770	Monthly

How much would HFRO pay you?

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HFRO appears in

Frequently asked questions

Does HFRO pay a dividend?: Yes. Highland Funds I - Highland Income Fund pays a monthly dividend, currently yielding 6.35% based on trailing twelve-month payments of $0.46 per share.
How much does HFRO pay in dividends?: $0.46 per share over the last twelve months, paid monthly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next HFRO ex-dividend date?: The next ex-dividend date on record is August 24, 2026, with payment on August 31, 2026. You must own the shares before the ex-dividend date to receive that payment.