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

Western Asset High Income Fund II Inc. (NYSE:HIX) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 23rd will be paid a dividend of 0.049 per share by the closed-end fund on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Friday, October 23rd.

Western Asset High Income Fund II Trading Up 0.6%

Shares of Western Asset High Income Fund II stock opened at $3.94 on Thursday. Western Asset High Income Fund II has a one year low of $3.75 and a one year high of $4.40. The company has a 50-day simple moving average of $3.95 and a two-hundred day simple moving average of $4.02.

Institutional Investors Weigh In On Western Asset High Income Fund II

Several institutional investors have recently added to or reduced their stakes in HIX. Ashton Thomas Securities LLC grew its holdings in shares of Western Asset High Income Fund II by 45.5% during the first quarter. Ashton Thomas Securities LLC now owns 16,000 shares of the closed-end fund’s stock valued at $64,000 after buying an additional 5,000 shares during the last quarter. Absolute Investment Advisers LLC purchased a new stake in shares of Western Asset High Income Fund II during the first quarter worth approximately $209,000. World Investment Advisors purchased a new stake in shares of Western Asset High Income Fund II during the fourth quarter worth $418,000. NWF Advisory Services Inc. boosted its holdings in shares of Western Asset High Income Fund II by 11.0% during the 4th quarter. NWF Advisory Services Inc. now owns 463,940 shares of the closed-end fund’s stock worth $1,930,000 after purchasing an additional 46,140 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Western Asset High Income Fund II in the 4th quarter valued at $196,000.

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.