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

Western Asset High Income Fund II Inc. (NYSE:HIX) declared a monthly dividend on Monday, February 23rd. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.049 per share by the closed-end fund on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset High Income Fund II Price Performance

HIX opened at $4.17 on Tuesday. Western Asset High Income Fund II has a 1 year low of $3.65 and a 1 year high of $4.42. The firm has a 50 day moving average price of $4.19 and a 200 day moving average price of $4.24.

Western Asset High Income Fund II Company Profile

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.