Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.049 per share by the closed-end fund on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Tuesday, June 23rd.
Western Asset High Income Fund II Stock Performance
HIX opened at $3.94 on Friday. 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 fifty day moving average price of $3.97 and a 200-day moving average price of $4.11.
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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