Western Asset High Income Fund II Inc. (NYSE:HIX) announced a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Friday, January 19th will be given a dividend of 0.046 per share by the closed-end fund on Thursday, February 1st. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date is Thursday, January 18th.
Western Asset High Income Fund II has decreased its dividend payment by an average of 6.6% annually over the last three years.
Western Asset High Income Fund II (NYSE HIX) traded down $0.03 during trading hours on Tuesday, hitting $6.94. 315,500 shares of the stock were exchanged, compared to its average volume of 213,840. Western Asset High Income Fund II has a 1 year low of $6.53 and a 1 year high of $7.46.
About Western Asset High Income Fund II
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.
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