Western Asset High Income Fund II Inc. (NYSE:HIX) announced a monthly dividend on Tuesday, August 15th, Wall Street Journal reports. Investors of record on Friday, October 20th will be paid a dividend of 0.049 per share by the closed-end fund on Wednesday, November 1st. This represents a $0.59 annualized dividend and a dividend yield of 8.14%. The ex-dividend date is Thursday, October 19th.
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) opened at 7.22 on Friday. The company’s 50 day moving average price is $7.18 and its 200 day moving average price is $7.25. Western Asset High Income Fund II has a one year low of $6.53 and a one year high of $7.46.
Western Asset High Income Fund II Company Profile
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.