Western Asset High Income Fund II (HIX) Earning Favorable Media Coverage, Study Shows
News articles about Western Asset High Income Fund II (NYSE:HIX) have trended positive on Tuesday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Western Asset High Income Fund II earned a coverage optimism score of 0.42 on Accern’s scale. Accern also gave media stories about the closed-end fund an impact score of 47.569449382215 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Western Asset High Income Fund II (NYSE HIX) traded down 0.210% during trading on Tuesday, hitting $7.135. 109,589 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $7.22 and its 200 day moving average price is $7.27. Western Asset High Income Fund II has a 12-month low of $6.53 and a 12-month high of $7.46.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th will be given a $0.049 dividend. This represents a $0.59 annualized dividend and a yield of 8.22%. The ex-dividend date of this dividend is Thursday, October 19th.
Western Asset High Income Fund II Company Profile
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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