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

Western Asset High Income Fund II Inc. (NYSE:HIX – Get Rating) announced a monthly dividend on Thursday, May 19th, Wall Street Journal reports. Stockholders of record on Wednesday, August 24th will be paid a dividend of 0.049 per share by the closed-end fund on Thursday, September 1st. This represents a $0.59 annualized dividend and a dividend yield of 11.53%. The ex-dividend date is Tuesday, August 23rd.

Western Asset High Income Fund II has increased its dividend payment by an average of 2.5% per year over the last three years.

Western Asset High Income Fund II stock traded up $0.04 during trading on Thursday, reaching $5.10. 155,873 shares of the company’s stock were exchanged, compared to its average volume of 272,442. The company’s 50-day moving average is $5.66 and its two-hundred day moving average is $6.38. Western Asset High Income Fund II has a 52-week low of $5.04 and a 52-week high of $7.75.

Hedge funds have recently modified their holdings of the business. Morgan Stanley raised its stake in shares of Western Asset High Income Fund II by 23.2% in the 2nd quarter. Morgan Stanley now owns 179,161 shares of the closed-end fund’s stock valued at $1,286,000 after purchasing an additional 33,700 shares in the last quarter. Baird Financial Group Inc. grew its position in Western Asset High Income Fund II by 2.2% in the 1st quarter. Baird Financial Group Inc. now owns 183,499 shares of the closed-end fund’s stock worth $1,105,000 after purchasing an additional 3,937 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Western Asset High Income Fund II by 2.4% in the second quarter. Wells Fargo & Company MN now owns 106,410 shares of the closed-end fund’s stock valued at $764,000 after acquiring an additional 2,529 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Western Asset High Income Fund II in the fourth quarter valued at approximately $762,000. Finally, Raymond James & Associates boosted its holdings in shares of Western Asset High Income Fund II by 8.6% in the first quarter. Raymond James & Associates now owns 107,354 shares of the closed-end fund’s stock valued at $646,000 after acquiring an additional 8,492 shares in the last quarter.

About Western Asset High Income Fund II (Get Rating)

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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