Favorable Media Coverage Somewhat Unlikely to Affect Western Asset High Income Fund II (HIX) Share Price
News articles about Western Asset High Income Fund II (NYSE:HIX) have trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Western Asset High Income Fund II earned a media sentiment score of 0.35 on Accern’s scale. Accern also assigned news articles about the closed-end fund an impact score of 47.724373057244 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Western Asset High Income Fund II (HIX) opened at 7.11 on Friday. The firm has a 50 day moving average price of $7.23 and a 200-day moving average price of $7.28. Western Asset High Income Fund II has a 52-week low of $6.53 and a 52-week high of $7.46.
The company also recently declared a monthly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, July 21st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $0.60 dividend on an annualized basis and a yield of 8.44%.
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Western Asset High Income Fund II Company Profile
Western Asset High Income Fund II Inc (the Fund) is a diversified, closed-end management investment company. The Fund seeks to maximize current income by investing approximately 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with its objective of seeking to maximize current income.
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