Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) announced a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 24th will be given a dividend of 0.049 per share by the closed-end fund on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 14.9%. The ex-dividend date of this dividend is Monday, August 24th.
Western Asset High Income Fund II Stock Down 0.4%
HIX stock opened at $3.94 on Friday. The business has a fifty day moving average price of $3.97 and a 200 day moving average price of $4.11. Western Asset High Income Fund II has a fifty-two week low of $3.75 and a fifty-two week 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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