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

Western Asset High Income Fund II Inc. (NYSE:HIX) declared a monthly dividend on Friday, August 4th, Wall Street Journal reports. Investors of record on Wednesday, November 22nd will be paid a dividend of 0.049 per share by the closed-end fund on Friday, December 1st. This represents a $0.59 annualized dividend and a yield of 12.87%. The ex-dividend date is Tuesday, November 21st.

Western Asset High Income Fund II has raised its dividend payment by an average of 1.8% annually over the last three years.

Western Asset High Income Fund II Trading Up 0.7 %

Shares of HIX opened at $4.57 on Monday. Western Asset High Income Fund II has a one year low of $4.16 and a one year high of $5.71. The company’s fifty day moving average price is $4.46 and its 200 day moving average price is $4.68.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HIX. Susquehanna International Group LLP increased its holdings in shares of Western Asset High Income Fund II by 176.3% during the 4th quarter. Susquehanna International Group LLP now owns 56,437 shares of the closed-end fund’s stock worth $273,000 after purchasing an additional 36,012 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Western Asset High Income Fund II by 269.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 52,111 shares of the closed-end fund’s stock worth $253,000 after purchasing an additional 38,000 shares during the period. Cetera Advisor Networks LLC increased its holdings in shares of Western Asset High Income Fund II by 36.2% during the 2nd quarter. Cetera Advisor Networks LLC now owns 43,185 shares of the closed-end fund’s stock worth $213,000 after purchasing an additional 11,478 shares during the period. HRT Financial LP bought a new position in shares of Western Asset High Income Fund II during the 1st quarter worth about $96,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Western Asset High Income Fund II during the 2nd quarter worth about $94,000.

Western Asset High Income Fund II Company Profile

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.