Western Asset High Income Fund II Inc. (HIX) To Go Ex-Dividend on May 22nd

Western Asset High Income Fund II Inc. (NYSE:HIX) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be paid a dividend of 0.049 per share by the closed-end fund on Monday, June 2nd. This represents a $0.59 dividend on an annualized basis and a yield of 14.10%. The ex-dividend date of this dividend is Thursday, May 22nd.

Western Asset High Income Fund II has increased its dividend payment by an average of 5.2% per year over the last three years.

Western Asset High Income Fund II Trading Up 0.2%

NYSE:HIX opened at $4.17 on Tuesday. The business’s 50-day simple moving average is $4.09 and its 200-day simple moving average is $4.26. Western Asset High Income Fund II has a fifty-two week low of $3.65 and a fifty-two week high of $4.54.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Western Asset High Income Fund II stock. Comerica Bank boosted its position in Western Asset High Income Fund II Inc. (NYSE:HIX) by 134.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,369 shares of the closed-end fund’s stock after purchasing an additional 5,367 shares during the period. Comerica Bank’s holdings in Western Asset High Income Fund II were worth $39,000 at the end of the most recent quarter.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.