Western Asset High Income Fund II Inc. Plans Monthly Dividend of $0.05 (NYSE:HIX)

Western Asset High Income Fund II Inc. (NYSE:HIX) announced a monthly dividend on Monday, February 23rd. Investors of record on Thursday, April 23rd will be given a dividend of 0.049 per share by the closed-end fund on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Thursday, April 23rd.

Western Asset High Income Fund II Stock Down 0.4%

NYSE:HIX traded down $0.02 during mid-day trading on Monday, hitting $4.17. The stock had a trading volume of 223,381 shares, compared to its average volume of 322,817. Western Asset High Income Fund II has a twelve month low of $3.65 and a twelve month high of $4.42. The stock has a 50-day simple moving average of $4.19 and a two-hundred day simple moving average of $4.24.

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.