Western Asset High Income Fund II Inc. (NYSE:HIX) Announces Monthly Dividend of $0.05

Western Asset High Income Fund II Inc. (NYSE:HIX) declared a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be given a dividend of 0.049 per share by the closed-end fund on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset High Income Fund II Stock Performance

Shares of HIX stock traded down $0.02 during trading hours on Monday, hitting $4.17. The company had a trading volume of 223,381 shares, compared to its average volume of 322,817. Western Asset High Income Fund II has a fifty-two week low of $3.65 and a fifty-two week high of $4.42. The company’s fifty day moving average is $4.19 and its 200 day moving average is $4.24.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.

The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.