Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, November 20th will be paid a dividend of 0.049 per share by the closed-end fund on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, November 20th.
Western Asset High Income Fund II Trading Up 0.6%
Western Asset High Income Fund II stock opened at $3.94 on Thursday. Western Asset High Income Fund II has a twelve month low of $3.75 and a twelve month high of $4.40. The firm’s 50 day moving average price is $3.95 and its two-hundred day moving average price is $4.02.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Arax Advisory Partners acquired a new stake in shares of Western Asset High Income Fund II in the fourth quarter valued at about $37,000. Comerica Bank grew its holdings in shares of Western Asset High Income Fund II by 134.1% during the first quarter. Comerica Bank now owns 9,369 shares of the closed-end fund’s stock worth $39,000 after purchasing an additional 5,367 shares during the last quarter. Williams Jones Wealth Management LLC. bought a new position in shares of Western Asset High Income Fund II in the 4th quarter worth $42,000. One Capital Management LLC acquired a new position in shares of Western Asset High Income Fund II during the fourth quarter worth about $43,000. Finally, Merit Financial Group LLC bought a new position in shares of Western Asset High Income Fund II during the third quarter worth about $45,000.
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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