Western Asset High Income (HIX) Earning Very Favorable Press Coverage, Study Finds
Media stories about Western Asset High Income (NYSE:HIX) have been trending very positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Asset High Income earned a daily sentiment score of 0.51 on Accern’s scale. Accern also assigned news articles about the closed-end fund an impact score of 47.4493360582592 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Western Asset High Income traded up $0.01, hitting $6.51, during trading on Wednesday, Marketbeat reports. The company had a trading volume of 1,700 shares, compared to its average volume of 276,075. Western Asset High Income has a 1-year low of $6.51 and a 1-year high of $6.51.
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 4th. Investors of record on Friday, August 24th will be given a $0.0455 dividend. This represents a $0.55 annualized dividend and a yield of 8.39%. The ex-dividend date of this dividend is Thursday, August 23rd.
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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