Western Asset High Income Fund II Inc. Plans Monthly Dividend of $0.05 (HIX)
Western Asset High Income Fund II Inc. (NYSE:HIX) declared a monthly dividend on Tuesday, August 15th, Wall Street Journal reports. Shareholders of record on Friday, November 24th will be paid a dividend of 0.049 per share by the closed-end fund on Friday, December 1st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date is Wednesday, November 22nd.
Western Asset High Income Fund II has decreased its dividend payment by an average of 6.6% per year over the last three years.
Shares of Western Asset High Income Fund II (NYSE HIX) traded down 0.14% during trading on Tuesday, hitting $7.15. 153,076 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $7.23 and its 200-day moving average price is $7.28. Western Asset High Income Fund II has a 1-year low of $6.53 and a 1-year high of $7.46.
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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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