Positive Press Coverage Somewhat Unlikely to Impact Western Asset High Income Fund II (HIX) Stock Price
Media stories about Western Asset High Income Fund II (NYSE:HIX) have trended positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Asset High Income Fund II earned a news impact score of 0.46 on Accern’s scale. Accern also gave media stories about the closed-end fund an impact score of 47.1627102857269 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Western Asset High Income Fund II (HIX) traded up $0.03 on Friday, hitting $6.93. The stock had a trading volume of 502,329 shares, compared to its average volume of 221,157. Western Asset High Income Fund II has a 12-month low of $6.50 and a 12-month high of $7.46.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 16th will be given a $0.046 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.97%.
About Western Asset High Income Fund II
Western Asset High Income Fund II Inc (the Fund) is a diversified, closed-end management investment company. The Fund seeks to maximize current income by investing approximately 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with its objective of seeking to maximize current income.
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