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

Western Asset High Income Fund II Inc. (NYSE:HIXGet Rating) announced a monthly dividend on Friday, August 5th, Wall Street Journal reports. Stockholders of record on Tuesday, November 22nd will be paid a dividend of 0.049 per share by the closed-end fund on Thursday, December 1st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date is Monday, November 21st.

Western Asset High Income Fund II has raised its dividend by an average of 2.5% annually over the last three years.

Western Asset High Income Fund II Stock Performance

Shares of HIX stock opened at $5.58 on Friday. Western Asset High Income Fund II has a fifty-two week low of $4.87 and a fifty-two week high of $7.75. The stock’s 50-day simple moving average is $5.18 and its 200-day simple moving average is $5.67.

Institutional Investors Weigh In On Western Asset High Income Fund II

A number of institutional investors and hedge funds have recently modified their holdings of HIX. UBS Group AG lifted its holdings in shares of Western Asset High Income Fund II by 5.3% during the first quarter. UBS Group AG now owns 1,915,095 shares of the closed-end fund’s stock worth $11,528,000 after purchasing an additional 95,573 shares during the period. Virtu Financial LLC acquired a new stake in shares of Western Asset High Income Fund II during the first quarter worth about $72,000. Private Advisor Group LLC acquired a new stake in shares of Western Asset High Income Fund II during the first quarter worth about $64,000. Raymond James & Associates lifted its holdings in shares of Western Asset High Income Fund II by 8.6% during the first quarter. Raymond James & Associates now owns 107,354 shares of the closed-end fund’s stock worth $646,000 after purchasing an additional 8,492 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Western Asset High Income Fund II by 4.4% during the first quarter. NewEdge Advisors LLC now owns 111,100 shares of the closed-end fund’s stock worth $669,000 after purchasing an additional 4,700 shares during the period.

Western Asset High Income Fund II Company Profile

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Western Asset High Income Fund II Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.

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Dividend History for Western Asset High Income Fund II (NYSE:HIX)

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