Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) announced a monthly dividend on Thursday, May 14th. Investors 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 Down 0.4%
Shares of HIX stock opened at $3.96 on Friday. The business’s fifty day moving average price is $3.97 and its 200 day moving average price is $4.11. Western Asset High Income Fund II has a 1-year low of $3.75 and a 1-year high of $4.40.
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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