Western Asset High Income Fund II Inc. (HIX) to Issue Monthly Dividend of $0.05 on December 1st
Western Asset High Income Fund II Inc. (NYSE:HIX) announced a monthly dividend on Tuesday, August 15th, Wall Street Journal reports. Investors of record on Friday, November 24th will be paid a dividend of 0.049 per share by the closed-end fund on Friday, December 1st. This represents a $0.59 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date is Wednesday, November 22nd.
Western Asset High Income Fund II has decreased its dividend by an average of 6.6% annually over the last three years.
Shares of Western Asset High Income Fund II (HIX) opened at $6.94 on Tuesday. Western Asset High Income Fund II has a one year low of $6.50 and a one year high of $7.46.
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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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