Western Asset High Income Fund II Inc. (HIX) to Issue Monthly Dividend of $0.05 on November 1st
Western Asset High Income Fund II Inc. (NYSE:HIX) declared a monthly dividend on Tuesday, August 15th, Wall Street Journal reports. Stockholders of record on Friday, October 20th will be paid a dividend of 0.049 per share by the closed-end fund on Wednesday, November 1st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 8.09%. The ex-dividend date is Thursday, October 19th.
Western Asset High Income Fund II has decreased its dividend by an average of 6.6% per year over the last three years.
Western Asset High Income Fund II (HIX) opened at 7.27 on Wednesday. Western Asset High Income Fund II has a one year low of $6.53 and a one year high of $7.46. The stock’s 50 day moving average price is $7.18 and its 200-day moving average price is $7.25.
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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