Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.049 per share by the closed-end fund on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, July 24th.
Western Asset High Income Fund II Trading Down 0.4%
Shares of HIX traded down $0.02 during mid-day trading on Thursday, reaching $3.96. 416,095 shares of the company’s stock traded hands, compared to its average volume of 349,160. The stock’s 50-day moving average is $3.97 and its two-hundred day moving average is $4.12. Western Asset High Income Fund II has a 12 month low of $3.75 and a 12 month high of $4.40.
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.
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