Western Asset High Income Fund II Inc. (HIX) Announces Monthly Dividend of $0.07
Western Asset High Income Fund II (NYSE:HIX) declared a monthly dividend on Monday, August 18th, American Banking News.com reports. Investors of record on Friday, October 24th will be given a dividend of 0.069 per share on Friday, October 31st. This represents a $0.83 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date of this dividend is Wednesday, October 22nd.
Shares of Western Asset High Income Fund II (NYSE:HIX) traded up 0.65% on Monday, hitting $9.26. 265,158 shares of the company’s stock traded hands. Western Asset High Income Fund II has a 52-week low of $8.72 and a 52-week high of $9.59. The stock’s 50-day moving average is $9. and its 200-day moving average is $9.34.
Western Asset High Income Fund II Inc is a diversified, closed-end management investment company. The Fund seeks to maximize current income by investing at least 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities.
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