HFRO (Highland Opportunities andome Fund) Dividend Payout Ratio: 0.94 (As of Dec. 2025) — 47% Below Median


HFRO Highland Opportunities and Income Fund HFRO
39 GF Score
Price $7.51
! 4 Warning Signs
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What is Highland Opportunities andome Fund Dividend Payout Ratio?

Highland Opportunities andome Fund HFRO 39 Dividend Payout Ratio is 0.94 as of Dec. 2025, which is 47% below its 10-year median of 1.78. GuruFocus rates HFRO with a GF Score™ of 39/100. The stock has 4 warning signs investors should review. Among 933 Asset Management companies, Highland Opportunities andome Fund ranks worse than 88.96% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Highland Opportunities andome Fund's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.94.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Highland Opportunities and Income Fund is 2.36, which seems too high.

The historical rank and industry rank for Highland Opportunities andome Fund's Dividend Payout Ratio or its related term are showing as below:

HFRO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.51   Med: 1.78   Max: 2.57
Current: 2.36

During the past 8 years, the highest Dividend Payout Ratio of Highland Opportunities andome Fund was 2.57. The lowest was 0.51. And the median was 1.78.

HFRO's Dividend Payout Ratio is ranked worse than
88.96% of 933 companies
in the Asset Management industry
Industry Median: 0.7 vs HFRO: 2.36

As of today (2026-07-07), the Dividend Yield % of Highland Opportunities andome Fund is 6.15%.

During the past 8 years, the highest Trailing Annual Dividend Yield of Highland Opportunities andome Fund was 17.91%. The lowest was 3.38%. And the median was 8.43%.

Highland Opportunities andome Fund's Dividends per Share for the months ended in Dec. 2025 was $0.23.

During the past 3 years, the average Dividends Per Share Growth Rate was -20.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -14.70% per year.

During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of Highland Opportunities andome Fund was 19.70% per year. The lowest was -20.60% per year. And the median was 0.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Highland Opportunities andome Fund (NYSE:HFRO) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Highland Opportunities andome Fund Dividend Payout Ratio Related Terms

Highland Opportunities andome Fund Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Highland Opportunities andome Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Highland Opportunities andome Fund Dividend Payout Ratio Chart

Highland Opportunities andome Fund Annual Data
Trend Jun18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial 0.51 2.10 0.00 0.00 0.00

Highland Opportunities andome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 7.70 0.00 0.00 0.94

HFRO vs GBAB, ALTI, NCV: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Highland Opportunities andome Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Highland Opportunities andome Fund Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Highland Opportunities andome Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Highland Opportunities andome Fund's Dividend Payout Ratio falls into.


HFRO
39GF Score
Highland Opportunities and Income Fund HFRO
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Highland Opportunities andome Fund Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Highland Opportunities andome Fund's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.462/ -0.5
=N/A

Highland Opportunities andome Fund's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.231/ 0.246
=0.94

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.94 mean?
Highland Opportunities andome Fund (HFRO) has a Dividend Payout Ratio of 0.94 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Highland Opportunities andome Fund and its competitors. This is 47% below median its historical median of 1.78. Over the past decade, Highland Opportunities andome Fund's Dividend Payout Ratio has ranged from 0.51 to 2.57. According to the industry distribution chart, Highland Opportunities andome Fund ranks #830 out of 933 companies in the Asset Management industry, placing it in the top 89%.
Is Highland Opportunities andome Fund's Dividend Payout Ratio too high?
Highland Opportunities andome Fund's current Dividend Payout Ratio of 0.94 is 47% below median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 2.57. The Asset Management industry median Dividend Payout Ratio is 0.70. Highland Opportunities andome Fund's value of 0.94 is 34.3% above this industry median. Based on the distribution chart, Highland Opportunities andome Fund ranks #830 out of 933 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Highland Opportunities andome Fund has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Highland Opportunities andome Fund's Dividend Payout Ratio compare to GBAB and ALTI?
According to the Asset Management industry distribution chart, Highland Opportunities andome Fund ranks #830 out of 933 companies for Dividend Payout Ratio. This places Highland Opportunities andome Fund in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. Highland Opportunities andome Fund's value of 0.94 is 34.3% above this benchmark. Historically, Highland Opportunities andome Fund's own Dividend Payout Ratio has ranged from 0.51 to 2.57 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 0.70, Highland Opportunities andome Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Highland Opportunities andome Fund's current Dividend Payout Ratio of 0.94 is 34.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Highland Opportunities andome Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highland Opportunities andome Fund's current Dividend Payout Ratio is 0.94, which is 47% below median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highland Opportunities andome Fund stock overvalued right now?
Highland Opportunities andome Fund (HFRO) has a current Dividend Payout Ratio of 0.94. The current Dividend Payout Ratio is 0.94, which is 47% below median its 10-year median of 1.78 and 34.3% above the Asset Management industry median of 0.70. Highland Opportunities andome Fund's overall GF Score™ is 39/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Highland Opportunities andome Fund (HFRO), the current Dividend Payout Ratio is 0.94 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Highland Opportunities andome Fund Business Description

Other Exchanges HFROpA.PFD:USA
Address 300 Crescent Court, Suite 700, Dallas, TX, USA, 75201
Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to Income Fund seeks growth of capital along with income. It focuses on making investments in real estate securities, including Reits, secured and unsecured fixed-rate loans and corporate bonds, mezzanine securities, structured products, convertible and preferred securities and equities (public and private), and floating rate securities.
39GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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