Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) announced a monthly dividend on Wednesday, August 5th. Shareholders 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 yield of 14.9%. The ex-dividend date is Friday, October 23rd.
Western Asset High Income Fund II Stock Up 0.6%
Shares of HIX opened at $3.94 on Thursday. Western Asset High Income Fund II has a fifty-two week low of $3.75 and a fifty-two week high of $4.40. The firm’s 50 day moving average price is $3.95 and its 200 day moving average price is $4.02.
About Western Asset High Income Fund II
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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