Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) declared a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 24th will be given a dividend of 0.049 per share by the closed-end fund on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 14.9%. The ex-dividend date of this dividend is Monday, August 24th.
Western Asset High Income Fund II Stock Down 0.4%
NYSE:HIX traded down $0.02 during mid-day trading on Thursday, reaching $3.96. The stock had a trading volume of 416,095 shares, compared to its average volume of 349,160. Western Asset High Income Fund II has a 1-year low of $3.75 and a 1-year high of $4.40. The stock’s 50 day simple moving average is $3.97 and its two-hundred day simple moving average is $4.12.
Hedge Funds Weigh In On Western Asset High Income Fund II
Hedge funds have recently bought and sold shares of the company. Arax Advisory Partners acquired a new position in Western Asset High Income Fund II in the fourth quarter worth about $37,000. Comerica Bank raised its stake in Western Asset High Income Fund II by 134.1% during the first quarter. Comerica Bank now owns 9,369 shares of the closed-end fund’s stock worth $39,000 after acquiring an additional 5,367 shares during the period. Williams Jones Wealth Management LLC. acquired a new stake in Western Asset High Income Fund II during the fourth quarter worth about $42,000. One Capital Management LLC acquired a new stake in Western Asset High Income Fund II during the fourth quarter worth about $43,000. Finally, Merit Financial Group LLC acquired a new stake in Western Asset High Income Fund II during the third quarter worth about $45,000.
About Western Asset High Income Fund II
Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.
The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.
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