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

Western Asset High Income Fund II Inc. (NYSE:HIXGet 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.

Featured Articles

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

Receive News & Ratings for Western Asset High Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset High Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.